David Yashar & Omid Saleh Broker Acquire Development Site In South Los Angeles For $1.57M
5265 South Central Avenue, Los Angeles, CA, USA
$1,575,000
$56,250/SF
Building Size
28 SF
Asset Type
Development Site
Closing
Jun 29, 2020
AI
The development site located at 5265 S. Central Ave. in South Los Angeles has been sold for $1,575,000. The property spans a total of 12,350 square feet and has a price per square foot of $127. The transaction took place on June 29, 2021.
Summary of transation details
- Property Type: Development Site
- Transaction Amount: $1,575,000
- Address: 5265 S. Central Ave.
- Market: South Los Angeles
- BSF: 12,350
- PPBSF: $127
The sale of the development site was facilitated by brokers David Yashar and Omid Saleh. They represented the parties involved in the deal but are not the buyers or sellers themselves.
Players
Los Angeles Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.07%
Cash-on-Cash
-2.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93