Updated Dec 21, 2023
Janet Wolski Sells Development Site On W. Manchester Ave For $2.5M
1238 West Manchester Avenue, Los Angeles, CA, USA
$2,525,000
$76/SF
Building Size
33,000 SF
Asset Type
Development Site
Closing
Apr 21, 2019
About this deal
AI
Located at 1218-1238 W. Manchester Ave, this development site was recently sold for a price of $2,525,000. The property spans an area of 33,000 square feet, with a price per square foot of $76. The transaction took place on April 22, 2019.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $2,525,000
- Address: 1218-1238 W. Manchester Ave
- Square Footage: 33,000 SF
- Price Per Square Foot: $76
Janet Wolski was the seller of this development site. The deal was brokered by Derrick J. Smith from Compass. Derrick J. Smith represents Compass in this transaction.
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
6.28%
Cash-on-Cash
-1.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93