Updated Oct 29, 2024
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
About this deal
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
- Property Type: Development Site
- Transaction Amount: $3,431,686
- Address: 4605-4619 W Pico Blvd, Los Angeles
- Buyer:
- Seller:
- Broker: Neema Ahadian - Marcus & Millichap
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.
On the Map
$3,431,686
Development Site
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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