Dorfman Family Acquires Development Site In Los Angeles For $4.99M
SOLD
$4,995,000
California
See Similar DealsDevelopment Site28,590 SF
Sold 01/27/2022
SOLD
Dorfman Family Acquires Development Site In Los Angeles For $4.99M
1110 South Spaulding Avenue, Los Angeles, CA 90019
See Similar DealsDevelopment Site28,590 SF
Sold 01/27/2022
Summary
CALIFORNIA
Asset Type:Development Site
Price Per Square Foot:$174
Total Square Footage:28,590 SF
Transaction Type:Sale
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
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$266,400.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,746.18
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,678.85
Annual Debt Service$284,146.18
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