Emry Hadad & Victor Hadad Acquire Development Site In Picfair Village For $5.7M
SOLD
$5,700,000
California
See Similar DealsDevelopment Site36,838 SF
Sold 11/24/2021
SOLD
Emry Hadad & Victor Hadad Acquire Development Site In Picfair Village For $5.7M
1557 South Orange Grove Avenue, Los Angeles, California 90019, United States
See Similar DealsDevelopment Site36,838 SF
Sold 11/24/2021
Summary
CALIFORNIA
Asset Type:Development Site
Price Per Square Foot:$154
Total Square Footage:36,838 SF
Transaction Type:Sale
A development site located at 1557 South Orange Grove Ave. in Picfair Village has been sold for $5,700,000. The property spans 36,838 square feet and has a price per square foot of $154. It consists of 30 units, with a price per unit of $190,000.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $5,700,000
- BSF: 36,838 square feet
- PPBSF: $154
- Units: 30
- PPU: $190,000
The buyers of the property are Emry Hadad and Victor Hadad. The seller is Ketter Group, represented by David Levy.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$304,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$20,250.89
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,020.91
Annual Debt Service$324,250.90
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