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4605 W Pico Blvd

 Acquires Development Site On W Pico Blvd In Los Angeles For $3.4M
SOLDDevelopment Site

Acquires Development Site On W Pico Blvd In Los Angeles For $3.4M

4605 W Pico Blvd

$3,431,686

Building Size

Asset Type

Development Site

Closing

Dec 6, 2022

AI

A development site located at 4605-4619 W Pico Blvd in Los Angeles has been sold in a transaction valued at $3,431,686. The property is being sold by the to the , represented by . The transaction was facilitated by broker Neema Ahadian from Marcus & Millichap.

Summary of transaction details

The , led by , acquired the development site from the in this transaction. The property is located at 4605-4619 W Pico Blvd in Los Angeles. The sale was brokered by Neema Ahadian from Marcus & Millichap.

Players

Neema Ahadian

Marcus & Millichap

Broker

$733M

vol

79 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

4.62%

Cash-on-Cash

-1.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93