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5653 Satsuma Avenue, North ...

Updated Oct 28, 2024

Telos Properties Acquires Development Site In Los Angeles From Andrew And Christine Rog For $855,000
SOLDDevelopment Site

Telos Properties Acquires Development Site In Los Angeles From Andrew And Christine Rog For $855,000

5653 Satsuma Avenue, North Hollywood, California 91601, United States

$855,000

$142/SF

Building Size

6,000 SF

Asset Type

Development Site

Closing

Mar 29, 2022

About this deal

AI

Located in Los Angeles, the development site at 5653 Satsuma Ave has recently changed hands in a closed transaction. The property, marketed as a development site, offers great potential for future projects. The deal was facilitated by Robert Kurdyan, a representative from Keller Williams, who worked on behalf of the seller Andrew Rog and Christine Rog. The buyer, Telos Properties, acquired the property at a sale price of $855,000.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $855,000
  • Address: 5653 Satsuma Ave
  • Market: Los Angeles
  • Built Square Footage: 6,000
  • Price per Built Square Foot: $142

As part of the deal, Telos Properties successfully purchased the development site from Andrew Rog and Christine Rog. Robert Kurdyan from Keller Williams played a pivotal role in representing the sellers throughout the transaction. This closed deal showcases the potential of the property and the fruitful collaboration between Telos Properties, Andrew Rog, Christine Rog, and Robert Kurdyan.

Players

Robert Kurdyan

Keller Williams Realty

Broker

$16.4M

vol

2 deals

Broker
TP
Telos PropertiesBuyer

Los Angeles Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Deal FAQ

About $142 per square foot on a published $855K for 6,000 square feet (2022).

Visit Robert Kurdyan to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

18.55%

Cash-on-Cash

-5.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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