Kamran Neydavoud Acquires Development Site In Pico Robertson For $1.65M
1420 South Sherbourne Drive
$1,650,000
Building Size
—
Asset Type
Development Site
Closing
Mar 21, 2023
AI
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.
Players
Market Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.61%
Cash-on-Cash
-2.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93