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1543 West 12th Street, Los ...

Pedram Zohrevand Acquires Dev Site In Los Angeles For $1.3M With Sheela Shouhed - Brandon Cohan Real Estate
SOLDDevelopment Site

Pedram Zohrevand Acquires Dev Site In Los Angeles For $1.3M With Sheela Shouhed - Brandon Cohan Real Estate

1543 West 12th Street, Los Angeles, California 90015, United States

$1,285,000

$205/SF

Building Size

6,245 SF

Asset Type

Development Site

Closing

Mar 14, 2022

AI

A development site located at 1543 W 12th St in Los Angeles, CA has been sold for a price of $1,285,000. The property spans 6,245 square feet with a price per square foot of $206. The building size is 9,455 square feet, resulting in a price per building square foot of $136.

Summary of transaction details

  • Property Type: Dev Site
  • Transaction Amount: $1,285,000
  • Address: 1543 W 12th St, Los Angeles, CA
  • Market: Los Angeles, CA

Pedram Zohrevand has purchased the property from Houshang Radnia. Sheela Shouhed from Brandon Cohan Real Estate represented both the buyer and seller in this transaction. This marks Sheela Shouhed's 6th transaction of 2022. Notably, the property had previously been listed by other firms but failed to sell until Sheela brought it to the market. Within the first two weeks, multiple offers were generated, ultimately leading to the property closing within 45 days. Sheela's unique and intensive marketing strategy sets her apart from her competitors in the market.

For inquiries regarding this property, please contact Sheela Shouhed at [email protected].

More information can be found at www.bcre.la.

Players

Sheela Shouhed

CBRE

Broker

$2.3M

vol

3 deals

Broker

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

12.34%

Cash-on-Cash

-3.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93