Hank Barhami Acquires Development Site In Beverly Grove For $2.75M
112 South Croft Avenue, Los Angeles, California 90048, United States
$2,750,000
$122/SF
Building Size
22,485 SF
Asset Type
Development Site
Closing
Feb 28, 2022
AI
An development site located at 112 S. Croft Ave. in Beverly Grove was recently sold for a transaction price of $2,750,000. The property has a building square footage of 22,485, resulting in a price per square foot of $122. The sale took place on 03/01/2022 and involved the buyer, Hank Barhami, and the seller, Patricia Du Vannes. The brokers involved in the deal were Jason Tuvia and Nick Mejerski from Marcus & Millichap.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $2,750,000
- Address: 112 S. Croft Ave.
- Market: Beverly Grove
- Buyer: Hank Barhami
- Seller: Patricia Du Vannes
- Brokers: Jason Tuvia & Nick Mejerski - Marcus & Millichap
- Building Square Footage: 22,485
- Price per Square Foot: $122
- Date of Sale: 03/01/2022
The sale of this development site represents a significant transaction in Beverly Grove. The involvement of brokers Jason Tuvia and Nick Mejerski from Marcus & Millichap showcases the expertise and negotiation skills of these professionals in the real estate market.
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
5.77%
Cash-on-Cash
-1.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93