Kamran Neydavoud Acquires Development Site In Pico Robertson For $1.65M
SOLD
$1,650,000
California
See Similar DealsDevelopment Site
Sold 03/21/2023
SOLD
Kamran Neydavoud Acquires Development Site In Pico Robertson For $1.65M
1420 South Sherbourne Drive
See Similar DealsDevelopment Site
Sold 03/21/2023
Summary
CALIFORNIA
Asset Type:Development Site
Transaction Type:Sale
A development site in Pico Robertson has been sold for $1,650,000. The property is located at 1420 South Sherbourne Drive.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $1,650,000
- Address: 1420 South Sherbourne Drive
- Market: Pico Robertson
The buyer of this development site is Kamran Neydavoud, while the seller is Ronald Sterling. The brokers involved in this transaction are Ariel Sayani from Keller Williams Beverly Hills, representing the buyer and seller.
Ariel Sayani, the broker involved, is also looking to expand his team. If anyone is interested in working in commercial brokerage, they can contact Ariel at (310)968-7711 or via email at [email protected]. Please note that interested individuals must have an active real estate salesperson license.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$88,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,862.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,821.84
Annual Debt Service$93,862.10
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