Updated Oct 13, 2026
Third Thyme Acquires Development Site In City West For $9.7M
1437 West 3rd Street, City West, Los Angeles, CA, USA
$9,700,000
Building Size
—
Asset Type
Development Site
Closing
Feb 27, 2020
About this deal
AI
A development site located at 1435-1437 W. 3rd St. & 1434 Miramar St in City West has been sold for a total of 9,700,000 USD. The property consists of a 3 parcel assemblage and is categorized as a Tier 2 TOC. The transaction took place on 02/28/2020 and the buyer was Third Thyme while the seller was Atlantic LLC. David Pearl from Pearlinvestmentgroup represented both the buyer and seller in this deal.
Summary of transation details
- Property Type: Development Site
- Transaction Amount: $9,700,000
- Address: 1435-1437 W. 3rd St. & 1434 Miramar St
- Market: City West
- Asset Type: Development Site
- BSF: 36,680
- PPBSF: $264.45
Detailed information about the deal includes the representation of David Pearl from Pearlinvestmentgroup as the broker for the buyer and seller. The successful transaction involved the assemblage of three parcels in City West.
On the Map
$9,700,000
Development Site
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.64%
Cash-on-Cash
-0.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93