Amir Ohebsion Acquires Development Site In Harvard Heights For $2.08M
2229 Venice Boulevard, Los Angeles, California 90006, United States
$2,080,000
$39/SF
Building Size
53,003 SF
Asset Type
Development Site
Closing
Mar 30, 2022
AI
Located at 2229 Venice Blvd. in Harvard Heights, this development site was recently sold in a closed transaction. The property spans a total square footage of 53,003 and is classified as a development site. The sale took place on March 31, 2022, with a sale price of $2,080,000. The price per square footage (PPSF) is approximately $39.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $2,080,000
- Address: 2229 Venice Blvd., Harvard Heights
- Market: Harvard Heights
- Buyer: Amir Ohebsion
- Seller: James Maurer
- Brokers: John Lally, Ryan Serling, and Martin Agnew - Marcus & Millichap
The transaction was facilitated by brokers John Lally, Ryan Serling, and Martin Agnew from Marcus & Millichap. They played a pivotal role in connecting the buyer, Amir Ohebsion, with the seller, James Maurer. Their expertise and negotiation skills ensured a smooth deal for all parties involved.
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
7.63%
Cash-on-Cash
-2.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93