facebook
Traded Co logo
Submit

Ali Fallahassady Acquires Development Site In Pacoima For $2.4 Million From Niki Nechita

Property Image
SOLD
$2,400,000
Glen Scher
Andy Kawatra
Filip Niculete

California

See Similar Deals
Development Site
Sold 08/06/2024
the dealplayerscompscontact
Property Image
SOLD

Ali Fallahassady Acquires Development Site In Pacoima For $2.4 Million From Niki Nechita

12342 Osborne Place

See Similar Deals
Development Site
Sold 08/06/2024
Glen Scher
Andy Kawatra
Filip Niculete
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Development Site
Transaction Type:Sale

12342 Osborne Place is a development site located in the Pacoima market, consisting of 0.99 acres of raw land. The property is situated in a Qualified Opportunity Zone and is zoned (Q)RD1.5-1-CUGU & Tier 1 TOC, with a sale price of $2,400,000.

Summary of transaction details:

This deal showcases the involvement of experienced brokers from Marcus & Millichap, who facilitated the transaction between Ali Fallahassady and Niki Nechita, helping to navigate the complexities of a development site acquisition within a growth-oriented market.

Players

Filip Niculete
Marcus & Millichap
Filip Niculete
197 deals$786.7M volume
BROKER
Glen Scher
Marcus & Millichap
Glen Scher
191 deals$739.7M volume
BROKER
Andy Kawatra
Marcus & Millichap
Andy Kawatra
27 deals$83M volume
BROKER

Details

SOLD
IMAGE: Filip Niculete, Glen Scher & Andy Kawatra DATE: 08/05/2024 ADDRESS: 12342 Osborne Place MARKET: Pacoima ASSET TYPE: Development Site BUYER: Ali Fallahassady SELLER: Niki Nechita BROKERS: Filip Niculete (@FNiculete), Glen Scher (@ScherGlen) & Andy Kawatra (@GettinSwiggyWitIt) - (@LAAATeam) - Marcus & Millichap (@MarcusMillichapinc) SALE PRICE: $2,400,000 NOTE FROM BROKERS: 0.99 Acres of Raw Land in Pacoima Located in Qualified Opportunity Zone Zoned (Q)RD1.5-1-CUGU & Tier 1 TOC

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$127,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,526.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,377.22
Annual Debt Service$136,526.69