Lindenberg Family Acquires Development Site In Valley Glen For $1.32M
SOLD
$1,320,000
California
See Similar DealsDevelopment Site
Sold 08/03/2023
SOLD
Lindenberg Family Acquires Development Site In Valley Glen For $1.32M
13694 Erwin St Van Nuys, CA 91401, USA
See Similar DealsDevelopment Site
Sold 08/03/2023
Summary
CALIFORNIA
Asset Type:Development Site
Transaction Type:Sale
The property involved in this transaction is a development site located at 13694 Erwin Street in Valley Glen. The sale was completed on 08/03/2023. The asset type is a development site, indicating potential for future construction or redevelopment.
Summary of transaction details
- Property Type: Development Site
- Sale Price: $1,320,000
- Address: 13694 Erwin Street
- Market: Valley Glen
- Buyer: Lindenberg Family
- Seller: Tamir Family
- Brokers: Almog Strikowski & Dario Svidler - Partners CRE
The Lindenberg Family acted as the buyer in this transaction, while the Tamir Family was the seller. The deal was facilitated by Almog Strikowski & Dario Svidler from Partners CRE, who served as the brokers for this transaction.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$70,399.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,689.69
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,257.47
Annual Debt Service$75,089.68
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