Updated Dec 18, 2023
Development Site In Mid-City Sold For $1.95M By Neema Ahadian & Iman Mossanen
1905 S Orange Dr, Central LA, Los Angeles, CA, USA
$1,950,000
$222/SF
Building Size
8,776 SF
Asset Type
Development Site
Closing
Jun 30, 2020
About this deal
AI
A development site located at 1905 S. Orange Dr. in Mid-City has been sold for a price of $1,950,000. The property consists of 2 units with a total square footage of 8,776. The sale price per unit stands at $975,000, and the price per square foot is $239.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $1,950,000
- Address: 1905 S. Orange Dr.
- Market: Mid-City
The sale was facilitated by Neema Ahadian and Iman Mossanen, who acted as the brokers in the deal.
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
8.13%
Cash-on-Cash
-2.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93