Updated Jun 2, 2025
Carol Folt Of University Of Southern California Acquires Development Site In Los Angeles For $850K
3851 South Grand Avenue
$850,000
Building Size
—
Asset Type
Development Site
Closing
Jun 2, 2025
About this deal
AI
The property involved in this transaction is a development site located at 3851 South Grand Avenue in Los Angeles. The asset was acquired for a total of $850,000.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $850,000
- Buyer: Carol Folt
- Affiliation: University of Southern California
- Address: 3851 South Grand Avenue, Los Angeles
This deal concluded a dispute with developer Hamid Razipour and LAFC regarding a planned five-story mixed-use project. The purchase by USC aims to preserve the visibility of the historic Coliseum Sign along the 110 Freeway, aiding its potential landmark status.
Players
Los Angeles Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
18.66%
Cash-on-Cash
-5.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93