Michael Shlomof Acquires Development Site In Los Angeles For $1M
1614 South Sycamore Avenue
$1,000,000
Building Size
—
Asset Type
Development Site
Closing
Nov 13, 2023
AI
The development site located at 1614 South Sycamore Avenue in Los Angeles has been sold in a transaction. The property spans 9,300 square feet and was sold for a price of $1,000,000, resulting in a price per square foot of $108.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $1,000,000
- Lot Size: 9,300 square feet
- Price per Square Foot: $108
The buyer in this transaction is Michael Shlomof and the seller is Jerry Fine. The deal was facilitated by Ariel Sayani from Keller Williams Realty.
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
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93