Updated Dec 19, 2023
Floyd Shaheen Acquires Development Site In Pico-Union For $1.675M
1911 New England St, Central LA, Los Angeles, CA, USA
$1,675,000
$146/SF
Building Size
11,468 SF
Asset Type
Development Site
Closing
Mar 7, 2021
About this deal
AI
1911 New England St., located in the Pico-Union market, has been sold for a total of $1,675,000. This development site features a building size of 11,468 square feet, resulting in a price per square foot of $146.
Summary of transation details
- Property Type: Development Site
- Transaction Amount: $1,675,000
- Address: 1911 New England St.
- Market: Pico-Union
- Building Size: 11,468 square feet
- Price per Square Foot: $146
The transaction was facilitated by Floyd Shaheen from FloydGroupCre.
The development site sale at 1911 New England St, Central LA, Los Angeles, CA, USA in Los Angeles, California sold for $1.7M in 2021. The building is 11,468 square feet, implying about 146 per square foot on the published price. Floyd Shaheen, Marcus & Millichap appear on the sale alongside Marcus & Millichap. This page is the Los Angeles, California file for the 1911 New England St, Central LA, Los Angeles, CA, USA development site sold: pricing, party profiles, and other closed development site comps from the same Los Angeles sit in the Market section below. Filter that Los Angeles development site set by closing date to see what else sold near 1911 New England St, Central LA, Los Angeles, CA, USA around 2021. Published consideration for 1911 New England St, Central LA, Los Angeles, CA, USA is $1.7M, dated 2021. Cite this Floyd Shaheen Acquires Development Site In Pico-Union For $1.675M sale when underwriting similar development site product around Los Angeles, California.
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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