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Marcus & Millichap Brokers Sell Dev Site In Hollywood For $3.6M

Property Image
SOLD
$3,600,000
Glen Scher
Sam Liberow
Aida Memary Scher
+ 1

California

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Development Site15,013 SF
Sold 03/25/2021
the dealplayerscompscontact
Property Image
SOLD

Marcus & Millichap Brokers Sell Dev Site In Hollywood For $3.6M

1350 North Orange Drive, Los Angeles, CA, USA

See Similar Deals
Development Site15,013 SF
Sold 03/25/2021
Glen Scher
Sam Liberow
Aida Memary Scher
+ 1
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Development Site
Price Per Square Foot:$239
Total Square Footage:15,013 SF
Transaction Type:Sale

A development site located at 1350-1356 N Orange Dr & 6914 De Longpre Ave in Hollywood has been sold for a total of $3,600,000. The property has a building square footage (BSF) of 15,013, resulting in a price per building square footage (PPBSF) of $239. The sale took place on March 25, 2021.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $3,600,000
  • Address: 1350-1356 N Orange Dr & 6914 De Longpre Ave
  • Market: Hollywood

The sale of this development site was facilitated by Sam Liberow, Filip Niculete, Glen Scher, and Aida Memary Scher of Marcus & Millichap. They represented the parties involved in the transaction.

Players

Filip Niculete
Marcus & Millichap
Filip Niculete
196 deals$785.1M volume
BROKER
Glen Scher
Marcus & Millichap
Glen Scher
190 deals$738.1M volume
BROKER
Sam Liberow
Marcus & Millichap
Sam Liberow
105 deals$762.3M volume
BROKER
Aida Memary Scher
Marcus & Millichap
Aida Memary Scher
23 deals$90.8M volume
BROKER

Details

SOLD
IMAGE: Sam Liberow, Glen Scher, Filip Niculete & Aida Memary Scher DATE: 03/25/2021 ADDRESS: 1350-1356 N Orange Dr & 6914 De Longpre Ave MARKET: Hollywood ASSET TYPE: Dev Site BROKERS: Sam Liberow, Filip Niculete, Glen Scher & Aida Memary Scher - Marcus & Millichap @TheLiberowGroup @LAAATeam SALE PRICE: $3,600,000 BSF: 15,013 ~ PPBSF: $239

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Deal Type
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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$12,790.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,065.84
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