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5000 Vineland Ave, North Ho...

Updated Dec 20, 2023

Neema Ahadian & Iman Mossanen Sell Development Site In North Hollywood For $3.6M
SOLDDevelopment Site

Neema Ahadian & Iman Mossanen Sell Development Site In North Hollywood For $3.6M

5000 Vineland Ave, North Hollywood, CA 91601, USA

$3,562,500

$178/SF

Building Size

20,000 SF

Asset Type

Development Site

Closing

Aug 26, 2020

About this deal

AI

A development site located at 5000 Vineland Ave in North Hollywood has been sold for a price of $3,562,500. The property spans 2,000 square feet with a price per square foot of $1,781. The transaction was facilitated by brokers Neema Ahadian & Iman Mossanen.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $3,562,500
  • Address: 5000 Vineland Ave
  • Market: North Hollywood
  • Square Footage: 2,000
  • Price per Square Foot: $1,781
  • Brokers: Neema Ahadian & Iman Mossanen

The deal was successfully completed with the assistance of Neema Ahadian and Iman Mossanen, who represented the parties involved.

Players

Iman Mossanen

Marcus & Millichap

Broker

$77.4M

vol

15 deals

Broker

Los Angeles Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Deal FAQ

About $178 per square foot on a published $3.6M for 20,000 square feet (2020).

Visit Neema Ahadian to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.45%

Cash-on-Cash

-1.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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