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348 South Canyon View Drive

Kayla Tabaryai & Michael Khorshidi Of Compass Close $4.3M Brentwood Development Site Deal
SOLDDevelopment Site

Kayla Tabaryai & Michael Khorshidi Of Compass Close $4.3M Brentwood Development Site Deal

348 South Canyon View Drive & 362 South Canyon View Drive

$4,300,000

Building Size

Asset Type

Development Site

Closing

Apr 12, 2024

AI

The transaction involved the sale of two neighboring properties in Brentwood, located at 348 & 362 South Canyon View Drive. The properties, totaling approximately 12,000 square feet each, were sold as a development site. The seller, Thomas James Homes, sold the asset to an undisclosed buyer for a total of $4,300,000 in a 5-Day Close deal.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $4,300,000
  • Address: 348 & 362 South Canyon View Drive
  • Market: Los Angeles
  • Seller: Thomas James Homes
  • Buyer's Rep: Kayla Tabaryai & Michael Khorshidi - Compass

Kayla Tabaryai and Michael Khorshidi, from Compass, represented the buyer in this transaction, facilitating the purchase of the two properties in Brentwood. The deal involved quick negotiation and a swift 5-Day Close, showcasing the efficiency of the real estate professionals involved in the transaction.

Players

Michael Khorshidi

Compass

Broker

$30.8M

vol

7 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

3.69%

Cash-on-Cash

-1.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93