Taylor Carlson Acquires Development Site In West Los Angeles For $1.85M
1733 South Barrington Avenue, Los Angeles, CA 90025
$1,850,000
$278/SF
Building Size
6,637 SF
Asset Type
Development Site
Closing
Oct 28, 2021
AI
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.
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
8.57%
Cash-on-Cash
-2.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93