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RBM Of California Inc Purchases Development Site In Los Angeles From KK Trust For $5.75M

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SOLD
$5,750,000

California

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Development Site16,781 SF
Sold 05/21/2025
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Property Image
SOLD

RBM Of California Inc Purchases Development Site In Los Angeles From KK Trust For $5.75M

11010 West Pico Boulevard

See Similar Deals
Development Site16,781 SF
Sold 05/21/2025
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Development Site
Price Per Square Foot:$342
Total Square Footage:16,781 SF
Transaction Type:Sale

The property involved in this transaction is a development site located at 11010 West Pico Boulevard in Los Angeles. The asset was sold for $5,750,000, comprising a total area of 16,781 square feet, resulting in a price per square foot of $342.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $5,750,000
  • Address: 11010 West Pico Boulevard
  • Market: Los Angeles
  • Buyer: RBM of California, Inc.
  • Seller: KK Trust
  • Broker: Yigal Fatirian - Lyon Stahl Investment Real Estate
  • Square Footage: 16,781
  • Price Per Square Foot: $342

Yigal Fatirian of Lyon Stahl Investment Real Estate represented both the buyer and seller in this off-market sale. The property was held by the sellers' family for over 50 years and is positioned for a mixed-use development as the current tenant, Jack in the Box, nears the end of their lease. The transaction allows for the buyers to include this site in their growing portfolio of newly built apartment buildings on the Westside.

Players

Yigal Fatirian
Lyon Stahl Investment Real Estate
Yigal Fatirian
4 deals$12.8M volume(310) 999-8948
BROKER

Details

SOLD
IMAGE: Yigal Fatirian DATE: 5/21/2025 ADDRESS: 11010 West Pico Boulevard MARKET: Los Angeles ASSET TYPE: Development Site BUYER: RBM of California, Inc. SELLER: KK Trust BROKER: Yigal Fatirian (@Yigal_F) - Lyon Stahl Investment Real Estate (@LyonStahl) SALE PRICE: $5,750,000 SF: 16,781 ~ PPSF: $342 NOTE FROM BROKER: Yigal Fatirian of Lyon Stahl Real Estate successfully represented both the buyer and seller in the off-market sale of this prime corner lot in West LA on Pico Blvd, ideally located near Century City, Westwood, and Beverly Hills. With the current tenant (Jack in the Box) nearing the end of their lease, the buyers have the opportunity to move forward with plans for a mixed-use development, an addition to their growing portfolio of newly built apartment buildings on the Westside. The property, held by the sellers' family for over 50 years, will be exchanged into an asset better aligned with their current needs. If you're considering selling your property or have any commercial real estate needs, contact Yigal at 323-306-5034

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$20,428.53
Cash-on-Cash Return-1.27%
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