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2576 Sepulveda Boulevard, L...

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

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

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

$3,600,000

Building Size

Asset Type

Development Site

Closing

Apr 14, 2022

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.

Players

Clark Everitt

IREA

Broker

$72.9M

vol

9 deals

Broker
T
TripalinkBuyer

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