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2150 Venice Blvd, Los Angel...

Joshua Golcheh, Rafi Jacobi, And Kyle Pari Acquire Development Site In Los Angeles For $2,525,000
SOLDDevelopment Site

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

Kyle Pari

Matthews

Broker

$29.5M

vol

10 deals

Broker

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