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Eleos Acquires Development Site In South Los Angeles For $1.15M

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SOLD
$1,150,000

California

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Development Site18,183 SF
Sold 08/24/2021
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SOLD

Eleos Acquires Development Site In South Los Angeles For $1.15M

11840 South Central Avenue, Los Angeles, CA 90059

See Similar Deals
Development Site18,183 SF
Sold 08/24/2021
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Summary

CALIFORNIA
Asset Type:Development Site
Price Per Square Foot:$63
Total Square Footage:18,183 SF
Transaction Type:Sale

The development site located at 11840 S. Central Ave. in South Los Angeles has been sold for $1,150,000. The property spans an area of 18,183 square feet and was purchased by Eleos, represented by David Aghaei and Daniel Dayan. The seller in this transaction was Zrelda K. Sealy.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $1,150,000
  • Address: 11840 S. Central Ave., South Los Angeles
  • Buyer: Eleos, represented by David Aghaei and Daniel Dayan
  • Seller: Zrelda K. Sealy
  • Sale Date: 08/24/2021
  • Market: South Los Angeles
  • Building Square Footage: 18,183

Eleos, with David Aghaei and Daniel Dayan, successfully acquired the development site at 11840 S. Central Ave. in South Los Angeles for a price of $1,150,000. This transaction highlights their investment in the area's real estate market and showcases their commitment to development opportunities.

Players

9 deals$25M volume
BUYER

Details

SOLD
IMAGE: David Aghaei & Daniel Dayan DATE: 08/24/2021 ADDRESS: 11840 S. Central Ave. MARKET: South Los Angeles ASSET TYPE: Development Site BUYER: Eleos (@Eleos.LA) - David Aghaei (@DAghaei) & Daniel Dayan (@DannyDayan0) SELLER: Zrelda K. Sealy ASKING PRICE: $1,150,000 SALE PRICE: $1,150,000 BSF: 18,183 ~ PPBSF: $63

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$4,085.72
Cash-on-Cash Return-1.27%
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