Updated Dec 21, 2023
Asma Momon Acquires Development Site In Panorama City For $2.2M. Darin Spillman & Jay Martinez Represented The Buyer And Seller
14715 Blythe Street, Panorama City, CA 91402, USA
$2,200,000
$99/SF
Building Size
22,126 SF
Asset Type
Development Site
Closing
Jun 15, 2020
About this deal
AI
An development site located at 14715 Blythe St in Panorama City has been sold. The property, which was sold on 06/15/2021, was listed with an asking price of $2,249,000. The sale price for the property was $2,200,000, reflecting a discount from the original asking price. The development site consists of 26 units with a price per unit (PPU) of $84,615. The building square footage (BSF) is 22,126, resulting in a price per building square footage (PPBSF) of $99.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $2,200,000
- Address: 14715 Blythe St, Panorama City
- Market: Panorama City
- Units: 26
- Price per Unit (PPU): $84,615
- Building Square Footage (BSF): 22,126
- Price per Building Square Footage (PPBSF): $99
The buyer of the development site is Asma Momon, while the seller is Ofer Dayan. Darin Spillman and Jay Martinez served as the brokers in this transaction, representing both the buyer and the seller.
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
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93