Fong Mei Acquires Development Site In San Marino From Jill Jones For $2.25M
SOLD
$2,250,000
California
See Similar DealsDevelopment Site2,180 SF
Sold 09/05/2025
SOLD
Fong Mei Acquires Development Site In San Marino From Jill Jones For $2.25M
2600 Fairfield Place
See Similar DealsDevelopment Site2,180 SF
Sold 09/05/2025
Summary
CALIFORNIA
Asset Type:Development Site
Price Per Square Foot:$1,032
Total Square Footage:2,180 SF
Transaction Type:Sale
The asset involved in this transaction is a development site located at 2600 Fairfield Place in San Marino. The sale was finalized at a price of $2,250,000, with a total square footage of 2,180 and a price per square foot of $1,032.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $2,250,000
- Address: 2600 Fairfield Place
- Market: San Marino
- Square Footage: 2,180
- Price per Square Foot: $1,032
- Buyer: Fong Mei
- Seller: Jill Jones
- Broker: Nick Hayner - Maywood Property Group
This transaction involved buyer Fong Mei acquiring the property from seller Jill Jones. The broker representing the seller in this deal was Nick Hayner from Maywood Property Group, facilitating the transaction in the San Marino market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$120,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,993.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,666.15
Annual Debt Service$127,993.77
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