Marcus & Millichap Brokers Sell Dev Site In Hollywood For $3.6M
1350 North Orange Drive, Los Angeles, CA, USA
$3,600,000
$239/SF
Building Size
15,013 SF
Asset Type
Development Site
Closing
Mar 24, 2021
AI
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
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
4.41%
Cash-on-Cash
-1.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93