Updated Dec 21, 2023
Coby Soleimany Acquires Sawtelle Development Site For $7.5M
11700 Santa Monica Blvd, Sawtelle, Los Angeles, CA, USA
$7,500,000
$581/SF
Building Size
12,891 SF
Asset Type
Development Site
Closing
May 2, 2019
About this deal
AI
A development site located at 11700 Santa Monica Blvd in the Sawtelle market was recently sold for $7,500,000. The property spans 12,891 square feet, resulting in a price per square foot of $581.80. The transaction took place on 05/03/2019.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $7,500,000
- Address: 11700 Santa Monica Blvd
- Market: Sawtelle
- Buyer: Coby Soleimany
- Broker: Elliot Schwartz
- Square Footage: 12,891
- Price Per Square Foot: $581.80
The buyer of the development site was Coby Soleimany. The transaction was facilitated by Elliot Schwartz from the brokerage agency representing Coby Soleimany.
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
2.12%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93