Updated Dec 20, 2023
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
About this deal
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
Los Angeles Development Site Market Snapshot
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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