Joshua Golcheh, Rafi Jacobi, And Kyle Pari Acquire Development Site In Los Angeles For $2,525,000
2150 Venice Blvd, Los Angeles, CA, USA
$2,525,000
$194/SF
Building Size
13,000 SF
Asset Type
Development Site
Closing
Nov 1, 2020
AI
A development site located at 2150 Venice Blvd. in Los Angeles has been sold for a total of $2,525,000. The property has a building square footage (BSF) of 13,000, resulting in a price per square foot (PPSF) of $194. The sale took place on November 2, 2020.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $2,525,000
- BSF: 13,000
- PPSF: $194
- Address: 2150 Venice Blvd., Los Angeles
- Market: Los Angeles
The buyers of the property were Joshua Golcheh, Rafi Jacobi, and Kyle Pari. The sellers were Harvard Heights. Rafi Jacobi and Kyle Pari were also involved in the sale.
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
6.28%
Cash-on-Cash
-1.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93