Updated Dec 21, 2023
Development Site In West Los Angeles Sells For $4.35M With La Apartment Advisors' Representatives
2444 Barry Ave, West Los Angeles, Los Angeles, CA, USA
$4,350,000
$268/SF
Building Size
16,200 SF
Asset Type
Development Site
Closing
Sep 2, 2019
About this deal
AI
The property involved in the transaction is a Development Site located at 2444, 2450, and 2454 Barry Ave in West Los Angeles. The transaction took place on September 3, 2019. The property covers an area of 16,200 square feet and has a price of $4,350,000. The price per buildable square foot (PPBSF) is $268.52.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $4,350,000
- Brokers: Filip Niculete, Glen Scher, Aida Memary
The key individuals and companies involved in this transaction are Filip Niculete, Glen Scher, and Aida Memary. They represented the parties in the deal as brokers.
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
3.65%
Cash-on-Cash
-1.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93