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
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