Eleos Acquires Development Site On N. Soto St. In Boyle Heights For $1.35M
SOLD
$1,350,000
California
See Similar DealsDevelopment Site8,570 SF
Sold 04/06/2021
SOLD
Eleos Acquires Development Site On N. Soto St. In Boyle Heights For $1.35M
228 N Soto St, Central LA, Los Angeles, CA, USA
See Similar DealsDevelopment Site8,570 SF
Sold 04/06/2021
Summary
CALIFORNIA
Asset Type:Development Site
Price Per Square Foot:$157
Total Square Footage:8,570 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$72,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,796.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,399.69
Annual Debt Service$76,796.26
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