Flores Family Acquires Development Site In Cudahy, CA From Benroohi Family For $3.075M
4936 Live Oak St Cudahy, CA 90201, USA
$3,075,000
$86/SF
Building Size
35,425 SF
Asset Type
Development Site
Closing
Jul 7, 2023
AI
The development site located at 4936 Live Oak Street in Cudahy, CA has been sold for $3,075,000. Spanning a total of 35,425 square feet, the property offers a price per square foot of $87. The transaction occurred between the Flores Family, acting as the buyer, and the Benroohi Family, who served as the seller. The deal was facilitated by Almog Strikowski and Dario Svidler from Partners CRE.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $3,075,000
- Square Footage: 35,425
- Address: 4936 Live Oak Street, Cudahy, CA
- Buyer: Flores Family
- Seller: Benroohi Family
- Brokers: Almog Strikowski - Partners CRE; Dario Svidler - Partners CRE
This significant transaction showcases the successful collaboration between the Flores and Benroohi families. The involvement of Almog Strikowski and Dario Svidler from Partners CRE as the brokers highlights the importance of their expertise in negotiating and finalizing the deal.
Players
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
5.16%
Cash-on-Cash
-1.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93