Updated Sep 5, 2024
Ta Yu Acquires Development Site In Los Angeles For $1.15M
2648 Brighton Avenue, Los Angeles, California 90018, United States
$1,150,000
$191/SF
Building Size
6,000 SF
Asset Type
Development Site
Closing
May 17, 2022
About this deal
AI
A development site located at 2648 Brighton Ave in Los Angeles has recently been sold for a price of $1,150,000. The property spans 6,000 square feet, resulting in a price per square foot of $191. The transaction took place on May 18, 2022.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $1,150,000
- Address: 2648 Brighton Ave
- Market: Los Angeles
The buyer of this development site was Ta Yu, while the seller was Adam Schafer. The transaction was facilitated by Kevin Daniali of Keller Williams Beverly Hills, who represented both parties in the deal.
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
13.79%
Cash-on-Cash
-3.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93