Updated Oct 29, 2024
14759 Friar Street In Van Nuys Sold For $825,000 To 14759 Friar, LLC, Represented By Elizabeth Clark, LLC
14759 Friar Street, Van Nuys, CA 91411, USA
$825,000
$392/SF
Building Size
2,104 SF
Asset Type
Development Site
Closing
Nov 19, 2019
About this deal
AI
The development site located at 14759 Friar Street in Van Nuys has been sold. The property was purchased by 14759 Friar, LLC for a total price of $825,000. The asset offers a total buildable square footage (BSF) of 7,501. The purchase price per buildable square footage (PPBSF) stands at $109.99. The sale was completed on November 20, 2019.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $825,000
- Buildable Square Footage: 7,501
- Purchase Price per Buildable Square Footage: $109.99
- Address: 14759 Friar Street, Van Nuys
- Market: Van Nuys
The buyer, 14759 Friar, LLC, purchased the property from Friar Holdings, LLC. The transaction was facilitated by Elizabeth Clark of [Brokerage details not provided]. The sale generated strong interest, with over eight offers received within the first week. Importantly, the property was sold over the listed price and with minimal contingencies.
Players
Los Angeles Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Deal FAQ
Visit Elizabeth Clark to view all their deals.
Browse Los Angeles development site sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
19.23%
Cash-on-Cash
-5.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93