Kambiz Kamdar Acquires Development Site In West Lake For $4.45M
1930 West 6th Street, Los Angeles, CA 90057, USA
$4,450,000
$337/SF
Building Size
13,200 SF
Asset Type
Development Site
Closing
Dec 2, 2018
AI
Located in the West Lake market, the development site at 1930 W 6th Street recently sold for $4,450,000. This property spans across 13,158 square feet and has a price per buildable square foot (PPBSF) of $338. The transaction took place on 12/03/2018 and was facilitated by Mark Zakarian of an undisclosed agency.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $4,450,000
- Address: 1930 W 6th Street
- Market: West Lake
- Square Footage: 13,158
- PPBSF: $338
Kambiz Kamdar acquired the property from Ronald Beard in the transaction. Mark Zakarian from an undisclosed agency represented the seller, Ronald Beard.
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
3.56%
Cash-on-Cash
-1.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93