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
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