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18433 Tarzana Drive, Tarzan...

Keller Williams Acquires Development Site On Tarzana Drive In Los Angeles For $1.695M
SOLDDevelopment Site

Keller Williams Acquires Development Site On Tarzana Drive In Los Angeles For $1.695M

18433 Tarzana Drive, Tarzana, CA, USA

$1,675,000

$239/SF

Building Size

7,000 SF

Asset Type

Development Site

Closing

Jun 25, 2020

AI

The development site located at 18433 Tarzana Drive in Los Angeles has been sold. The property was listed with an asking price of $1,675,000 and sold for $1,695,000, indicating a successful transaction. With a buildable square footage (BSF) of 7,000, the price per buildable square footage (PPBSF) is approximately $242. The property is located in the Los Angeles market, offering potential for future development.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $1,695,000
  • Address: 18433 Tarzana Drive
  • Market: Los Angeles
  • Asking Price: $1,675,000
  • BSF: 7,000
  • PPBSF: $242

The transaction was facilitated by brokers Aryan Rabizadeh, Shane Zvulun, and Marty Azoulay from Keller Williams Encino & Sherman Oaks. Their expertise and representation played a vital role in closing the deal. Their knowledge of the market and negotiation skills ensured a successful outcome for all parties involved.

Players

Aryan Rabizadeh

Keller Williams Realty

Broker

$46.5M

vol

6 deals

Broker

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

9.47%

Cash-on-Cash

-2.71%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93