Eleos Acquires Development Site On N. Soto St. In Boyle Heights For $1.35M
228 N Soto St, Central LA, Los Angeles, CA, USA
$1,350,000
$157/SF
Building Size
8,570 SF
Asset Type
Development Site
Closing
Apr 5, 2021
AI
An $1,350,000 sale transaction took place on April 6, 2021, in Boyle Heights. The property involved in this transaction is a development site located at 228 N. Soto St. The asset spans a total of 8,570 square feet, with a price per square foot of $157.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $1,350,000
- Address: 228 N. Soto St.
- Market: Boyle Heights
- Buyer: Eleos - David Aghaei & Daniel Dayan
- Seller: Harjit Saini
- Broker: Jag Singh
- BSF (Building Square Footage): 8,570
- Price per BSF: $157
The buyer of the development site is Eleos represented by David Aghaei and Daniel Dayan. They acquired the property from the seller, Harjit Saini. Jag Singh served as the broker for this transaction.
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
11.75%
Cash-on-Cash
-3.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93