Updated Oct 28, 2024
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.
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
18.55%
Cash-on-Cash
-5.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93