Updated Dec 21, 2023
Filip Niculete & Glen Scher Sell Development Site On 1233 Bedford St In Pico For $2.05M
1233 South Bedford Street, Pico, Los Angeles, CA, USA
$2,050,000
$299/SF
Building Size
6,840 SF
Asset Type
Development Site
Closing
Jul 31, 2019
About this deal
AI
A development site located at 1233 Bedford St in the Pico market has been sold for $2,050,000. The property spans 6,840 square feet with a price per square foot of $299.71. The transaction took place on August 1, 2019. Filip Niculete and Glen Scher of an unknown agency represented the parties involved in the deal.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $2,050,000
- Square Feet: 6,840
- Price per Square Foot: $299.71
- Date of Transaction: August 1, 2019
- Address: 1233 Bedford St
- Market: Pico
Filip Niculete and Glen Scher were the brokers involved in the sale of the development site located at 1233 Bedford St in the Pico market for $2,050,000.
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
7.74%
Cash-on-Cash
-2.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93