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Steve Gold Purchases Development Site From Pik Yip At 4155 Wilshire Boulevard For $4.99M

Property Image
SOLD
$4,990,000
Dario Svidler
Jordan Petito

California

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Development Site22,400 SF
Sold 02/07/2025
the dealplayerscompscontact
Property Image
SOLD

Steve Gold Purchases Development Site From Pik Yip At 4155 Wilshire Boulevard For $4.99M

4155 Wilshire Boulevard

See Similar Deals
Development Site22,400 SF
Sold 02/07/2025
Dario Svidler
Jordan Petito
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Development Site
Price Per Square Foot:$222
Total Square Footage:22,400 SF
Transaction Type:Sale

The asset involved in this transaction is a development site located at 4155 Wilshire Boulevard in the Los Angeles market. The property measures 22,400 square feet and was sold for $4,990,000, equating to a price per square foot of $222.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $4,990,000
  • Square Footage: 22,400
  • Price Per Square Foot: $222
  • Buyer: Steve Gold
  • Seller: Pik Yip
  • Broker Representatives: Dario Svidler & Jordan Petito - Partners CRE
  • Market: Los Angeles
  • Date of Sale: 02/07/2025

Dario Svidler and Jordan Petito from Partners CRE represented the seller, Pik Yip, in the transaction. This sale overcame many challenges, and they noted that more units are expected to be developed in the prime Hancock Park location. Interested parties are encouraged to contact Jordan or Dario for additional details regarding this deal.

Players

Dario Svidler
Partners CRE
Dario Svidler
31 deals$200M volume(818) 653-2663
BROKER
Jordan Petito
Partners CRE
Jordan Petito
5 deals$12M volume(310) 734-2245
BROKER

Details

SOLD
IMAGE: Dario Svidler & Jordan Petito DATE: 02/07/2025 ADDRESS: 4155 Wilshire Boulevard MARKET: Los Angeles ASSET TYPE: Development Site BUYER: Steve Gold SELLER: Pik Yip BROKERS: Dario Svidler (@Dariopcre) & Jordan Petito (@JordanPetito) - Partners CRE (@Partners.CRE) SALE PRICE: $4,990,000 SF: 22,400 ~ PPSF: $222 NOTE FROM BROKER: The vacant lot you’ve been driving past for years—finally sold! This was a challenging sale with many hurdles, but we got it done. More units are coming soon to this prime Hancock Park location. Call Jordan or Dario for more information about this deal!

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$17,728.43
Cash-on-Cash Return-1.27%
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