Emry Hadad & Victor Hadad Acquire Development Site In Picfair Village For $5.7M
1557 South Orange Grove Avenue, Los Angeles, California 90019, United States
$5,700,000
$154/SF
Building Size
36,838 SF
Asset Type
Development Site
Closing
Nov 23, 2021
AI
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.
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
2.78%
Cash-on-Cash
-0.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93