Updated Oct 29, 2024
City Of Los Angeles Rec & Parks Acquires Sun Valley Development Site For $4.75M
12515 Sheldon St, Sun Valley, CA 91352, USA
$4,750,000
$19/SF
Building Size
250,000 SF
Asset Type
Development Site
Closing
Sep 10, 2020
About this deal
AI
The City of Los Angeles Recreation and Parks department has acquired a development site in Sun Valley. Located at 12515 Sheldon St, the property was sold by Dreams Come True Investments for a price of $4,750,000. The site has a building size of 25,000 square feet, resulting in a price per square foot of $190.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $4,750,000
- Address: 12515 Sheldon St
- Market: Sun Valley
- Building Size: 25,000 square feet
- Price per Square Foot: $190
- Buyer: City Of Los Angeles Rec & Parks
- Seller: Dreams Come True Investments
- Seller's Representative: Arash Pashaei @AshPashaei
The property was initially marketed for small lot development before being acquired by the City of Los Angeles Recreation and Parks department. It represents a significant investment in the Sun Valley market.
Players
Los Angeles Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Deal FAQ
Browse Los Angeles development site sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.34%
Cash-on-Cash
-0.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93