Taylor Carlson Acquires Development Site In West Los Angeles For $1.85M
SOLD
California
See Similar DealsDevelopment Site6,637 SF
Sold 10/28/2021
SOLD
Taylor Carlson Acquires Development Site In West Los Angeles For $1.85M
1733 South Barrington Avenue, Los Angeles, CA 90025
See Similar DealsDevelopment Site6,637 SF
Sold 10/28/2021
Summary
CALIFORNIA
Asset Type:Development Site
Price Per Square Foot:$278
Total Square Footage:6,637 SF
Transaction Type:Sale
A development site located at 1733 Barrington Ave. in West Los Angeles has been sold for $1,850,000. The property spans 6,637 square feet and has a price per buildable square foot of $278. The transaction took place on October 28, 2021.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $1,850,000
- Address: 1733 Barrington Ave.
- Market: West Los Angeles
- Buyer: Taylor Carlson
- Seller: Brian Hoffman
- Brokers: Neema Ahadian & Iman Mossanen - Marcus & Millichap
The buyer of the development site was Taylor Carlson, while the seller was Brian Hoffman. Neema Ahadian and Iman Mossanen from Marcus & Millichap acted as the brokers in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$98,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,572.67
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,769.94
Annual Debt Service$105,239.33
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