Updated Dec 30, 2024
Siamak Torkian Sells Development Site In Los Angeles For $18 Million With Buyer's Rep Karl Markarian
495 Hartford Avenue
$18,000,000
Building Size
—
Asset Type
Development Site
Closing
Jun 26, 2019
About this deal
AI
A development site located at 495 Hartford Avenue in Los Angeles was sold for $18,000,000 on June 26, 2019. The property details highlight its relevance in the current market trend for development opportunities in the area.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $18,000,000
- Seller: Siamak Torkian
- Buyer's Representative: Karl Markarian - JohnHart Real Estate
- Market: Los Angeles
Key individuals involved in this transaction include seller Siamak Torkian and buyer's representative Karl Markarian from JohnHart Real Estate, indicating the collaboration between private entities in navigating the real estate market.
On the Map
$18,000,000
Development Site
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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
0.88%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93