Updated Dec 21, 2023
Adam Peykar Acquires Development Site In West Los Angeles For $2.05M
1526 South Westgate Avenue, Sawtelle, Los Angeles, CA, USA
$2,050,000
$186/SF
Building Size
11,000 SF
Asset Type
Development Site
Closing
Oct 5, 2021
About this deal
AI
A development site located at 1526 S. Westgate Ave. in West Los Angeles has been sold for a price of $2,050,000. The property spans 11,000 square feet and has a price per buildable square foot (PPBSF) of $186. The sale was finalized on 10/05/2021.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $2,050,000
- Address: 1526 S. Westgate Ave., West Los Angeles
- Market: West Los Angeles
- BSF: 11,000
- PPBSF: $186
The buyer of the property is Adam Peykar, while Elaine Okinaga is the seller. The deal was facilitated by brokers Michael Kamara and Michael Sterman of Marcus & Millichap.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.74%
Cash-on-Cash
-2.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93