Updated Oct 28, 2024
Tripalink Acquires Development Site In West Los Angeles For $3.6M
2576 Sepulveda Boulevard, Los Angeles, California 90064, United States
$3,600,000
Units
20
Asset Type
Development Site
Closing
Apr 14, 2022
About this deal
AI
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.
On the Map
$3,600,000
Development Site
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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
4.41%
Cash-on-Cash
-1.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93