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
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