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1442 South Bedford Street

Alan Lineman Acquires Development Site On Bedford Street In Los Angeles For $3.5M
SOLDDevelopment Site

Alan Lineman Acquires Development Site On Bedford Street In Los Angeles For $3.5M

1442 South Bedford Street & 1446 Bedford Street

$3,500,000

Building Size

Asset Type

Development Site

Closing

Aug 31, 2023

AI

A development site located at 1442-1446 Bedford Street in Los Angeles has recently been sold for $3,500,000. The property, consisting of a vacant lot, was listed on the market for sale. The transaction took place on August 31, 2023, and the buyer of the property was Alan Lineman.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $3,500,000
  • Address: 1442-1446 Bedford Street, Los Angeles
  • Market: Los Angeles

The seller of the development site was Great White, represented by Mark Kansky. The broker involved in the deal was Paul Darrow from Walker & Dunlop, who represented both the buyer and the seller. The transaction marks a significant milestone in the real estate market, showcasing the demand for development opportunities in the Los Angeles area.

Players

Paul Darrow

Walker & Dunlop

Broker

$216.2M

vol

16 deals

Broker

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

4.53%

Cash-on-Cash

-1.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93