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315 N Alvarado St, Los Ange...

Rony Abishoor Acquires Development Site In Los Angeles From Justin Bokhoor
SOLDDevelopment Site

Rony Abishoor Acquires Development Site In Los Angeles From Justin Bokhoor

315 N Alvarado St, Los Angeles, California 90026, United States

$1,375,000

$162/SF

Building Size

8,457 SF

Asset Type

Development Site

Closing

Mar 30, 2022

AI

Rony Abishoor has purchased a development site located at 315-319 N. Alvarado St. in Los Angeles for $1,375,000. The property spans approximately 8,457 square feet and has a price per square foot of $162. The transaction was facilitated by Nathan Shaolian and Ardy Ishal of BRC Advisors, representing the buyer and seller, respectively.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $1,375,000
  • Buyer: Rony Abishoor
  • Seller: Justin Bokhoor
  • Brokers: Nathan Shaolian & Ardy Ishal - BRC Advisors
  • Address: 315-319 N. Alvarado St., Los Angeles
  • Market: Los Angeles
  • BSF: 8,457
  • PPBSF: $162

Nathan Shaolian and Ardy Ishal of BRC Advisors worked as brokers in this transaction, representing the buyer and seller, respectively. They played a crucial role in facilitating the sale of the development site at 315-319 N. Alvarado St. in Los Angeles. The property was sold for $1,375,000 with a price per square foot of $162.

Players

Ardy Ishal

BRC Advisors

Broker

$43.3M

vol

11 deals

Broker

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

11.54%

Cash-on-Cash

-3.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93