Lindenberg Family Acquires Development Site In Valley Glen For $1.32M
13694 Erwin St Van Nuys, CA 91401, USA
$1,320,000
Building Size
—
Asset Type
Development Site
Closing
Aug 3, 2023
AI
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
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
12.02%
Cash-on-Cash
-3.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93