Updated Oct 29, 2024
Continental Development Group Acquires Trousdale Development Site For $6M
1471 Carla Ridge, Beverly Hills, CA 90210, USA
$6,000,000
$1,818/SF
Building Size
3,300 SF
Asset Type
Development Site
Closing
Jan 21, 2020
About this deal
AI
A development site in Trousdale has been sold for $6 million. The property, located at 1471 Carla Ridge, offers 3,300 square feet of space. With a price per square foot of $1,818.18, this site presents a valuable investment opportunity.
Summary of transaction details
- Property Type: Development site
- Transaction Amount: $6,000,000
- Address: 1471 Carla Ridge
- Market: Trousdale
- Square Footage: 3,300
- Price per Square Foot: $1,818.18
Torrey Ripinsky, representing Continental Development Group, LLC, has acquired the property from seller Omer Faruk. Ethan Peskowitz acted as the broker in this transaction. The deal closed on January 22, 2020, marking a successful venture in Trousdale's real estate market.
On the Map
$6,000,000
$1,818/SF
Development Site
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Players
Beverly Hills 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
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93