Updated Dec 21, 2023
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
About this deal
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