Updated Dec 21, 2023
Nick Hakimfar Acquires Development Site In Los Angeles For $995,000
22949 Del Valle Street, Woodland Hills, California 91364, United States
$995,000
$152/SF
Building Size
6,546 SF
Asset Type
Development Site
Closing
Nov 12, 2021
About this deal
AI
A development site located at 22949 Del Valle in Los Angeles has been sold for $995,000. The property has a building square footage (BSF) of 6,546 and a price per building square footage (PPBSF) of $152. The sale was finalized on 11/12/2021.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $995,000
- Address: 22949 Del Valle, Los Angeles
- BSF: 6,546
- PPBSF: $152
Nick Hakimfar has purchased the development site from Abraham Iny. The transaction was facilitated by Fred Nabati from Trimax Realty, Inc.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.94%
Cash-on-Cash
-4.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93