Updated Dec 20, 2023
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
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
4.45%
Cash-on-Cash
-1.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93