Updated Sep 9, 2024
Josh Manchester Acquires Development Site On Linda Flora In Bel Air For $2.8M
1166 Linda Flora Drive, Bel Air, Los Angeles, CA, USA
$2,818,000
$165/SF
Building Size
17,000 SF
Asset Type
Development Site
Closing
Jul 19, 2020
About this deal
AI
Located in Bel Air, the development site at 1166 Linda Flora has been sold in a recent transaction. The property offers a significant opportunity for development in this prestigious neighborhood.
Summary of transaction details
- Property Type: Development Site
- Asking Price: $3,495,000
- Sale Price: $2,818,000
- Building Square Footage: 17,000
- Price per Building Square Foot: $165
The buyer, Josh Manchester, acquired the property from selller Daniel Gatsby. Aryan Rabizadeh of an undisclosed agency represented both parties in the transaction, demonstrating his expertise in the area.
On the Map
$2,818,000
$165/SF
Development Site
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Los Angeles Development Site Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.63%
Cash-on-Cash
-1.61%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93