Eleos Acquires Development Site In South LA For $1.2M With Buyers David Aghaei & Daniel Dayan
SOLD
California
See Similar DealsDevelopment Site12,917 SF
Sold 03/08/2021
SOLD
Eleos Acquires Development Site In South LA For $1.2M With Buyers David Aghaei & Daniel Dayan
4752 South Main Street, Los Angeles, CA, USA
See Similar DealsDevelopment Site12,917 SF
Sold 03/08/2021
Summary
CALIFORNIA
Asset Type:Development Site
Price Per Square Foot:$92
Total Square Footage:12,917 SF
Transaction Type:Sale
A development site located at 4752-4760 S. Main St. in South LA has been sold for $1,200,000. The site has a buildable square footage (BSF) of 12,917 and a price per buildable square footage (PPBSF) of $92. The transaction took place on 03/08/2021.
Summary of transation details
- Property Type: Development Site
- Transaction Amount: $1,200,000
- Address: 4752-4760 S. Main St.
- Market: South LA
- BSF: 12,917
- PPBSF: $92
The buyer of the property is David Aghaei and Daniel Dayan, representing Eleos (@Eleos.LA). The seller is BFFM. The deal was facilitated by Armen Kazaryan and Ron Young from Lee & Associates.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$64,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.61
Annual Debt Service$68,263.35
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