Dorfman Family Acquires Development Site In Los Angeles For $4.99M
1110 South Spaulding Avenue, Los Angeles, CA 90019
$4,995,000
$174/SF
Building Size
28,590 SF
Asset Type
Development Site
Closing
Jan 27, 2022
AI
Located at 1110 S. Spaulding Ave. in Los Angeles, this development site was recently sold in a closed transaction. The property asset features a total building square footage (BSF) of 28,590 square feet, with a price per BSF of $174. The transaction took place on January 27, 2022.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $4,995,000
- Buyer: Dorfman Family
- Seller: Rabbanian Family
- Brokers: Almog Strikowski & Dario Svidler - Compass
- Market: Los Angeles
The buyers of the property are the Dorfman Family, while the sellers are the Rabbanian Family. The deal was facilitated by brokers Almog Strikowski and Dario Svidler from Compass. The sale price for the development site was $4,995,000.
Players
Los Angeles Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.18%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93