Updated Sep 10, 2025
Fong Mei Acquires Development Site In San Marino From Jill Jones For $2.25M
2600 Fairfield Place
$2,250,000
$1,032/SF
Building Size
2,180 SF
Asset Type
Development Site
Closing
Sep 5, 2025
About this deal
AI
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.
On the Map
$2,250,000
$1,032/SF
Development Site
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San Marino 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
7.05%
Cash-on-Cash
-2.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93