Neema Ahadian & Iman Mossanen Sell Development Site In North Hollywood For $3.6M
SOLD
$3,562,500
California
See Similar DealsDevelopment Site20,000 SF
Sold 08/27/2020
SOLD
Neema Ahadian & Iman Mossanen Sell Development Site In North Hollywood For $3.6M
5000 Vineland Ave, North Hollywood, CA 91601, USA
See Similar DealsDevelopment Site20,000 SF
Sold 08/27/2020
Summary
CALIFORNIA
Asset Type:Development Site
Price Per Square Foot:$178
Total Square Footage:20,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$190,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,656.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,888.07
Annual Debt Service$202,656.81
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