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Tripalink Acquires Development Site In West Los Angeles For $3.6M

Property Image
SOLD
$3,600,000
Jonathan Krikorian
William Everitt
Clark Everitt

California

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Development Site
Sold 04/15/2022
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Property Image
SOLD

Tripalink Acquires Development Site In West Los Angeles For $3.6M

2576 Sepulveda Boulevard, Los Angeles, California 90064, United States

See Similar Deals
Development Site
Sold 04/15/2022
Jonathan Krikorian
William Everitt
Clark Everitt
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Development Site
Transaction Type:Sale

A development site located at 2576 & 2580 Sepulveda Blvd. in West Los Angeles has been sold in a recent transaction. The property, which was sold by the Eskander Family, was purchased by Tripalink for a total price of $3,600,000. The development site covers an area of 20 units, with a price per unit of $180,000.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $3,600,000
  • Address: 2576 & 2580 Sepulveda Blvd., West Los Angeles
  • Market: West Los Angeles
  • Buyer: Tripalink
  • Seller: Eskander Family
  • Brokers: Jonathan Krikorian, Clark Everitt & William Everitt - Investment Real Estate Associates
  • Number of Units: 20
  • Price Per Unit: $180,000

The deal was facilitated by Jonathan Krikorian, Clark Everitt, and William Everitt from Investment Real Estate Associates, who represented both the buyer and the seller in the transaction.

Players

Clark Everitt
IREA
Clark Everitt
9 deals$72.9M volume
BROKER
William Everitt
IREA
William Everitt
9 deals$72.9M volume
BROKER
Jonathan Krikorian
IREA
Jonathan Krikorian
10 deals$70.5M volume
BROKER
T
Tripalink
BUYER

Details

SOLD
IMAGE: Jonathan Krikorian, Clark Everitt & William Everitt DATE: 04/15/2022 ADDRESS: 2576 & 2580 Sepulveda Blvd. MARKET: West Los Angeles ASSET TYPE: Development Site BUYER: Tripalink SELLER: Eskander Family BROKERS: Jonathan Krikorian (@JKrikorian89), Clark Everitt & William Everitt (@WlEveritt) - Investment Real Estate Associates (@I.R.E.A) SALE PRICE: $3,600,000 BU: 20 ~ PPBU: $180,000

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$192,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$12,790.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,065.84
Annual Debt Service$204,790.04