Joe Eagles Acquires Development Site On Kester Avenue In Van Nuys For $825K
SOLD
$825,000
California
See Similar DealsDevelopment Site2,097 SF
Sold 11/10/2021
SOLD
Joe Eagles Acquires Development Site On Kester Avenue In Van Nuys For $825K
5846 Kester Avenue, Van Nuys, CA, USA
See Similar DealsDevelopment Site2,097 SF
Sold 11/10/2021
Summary
CALIFORNIA
Asset Type:Development Site
Price Per Square Foot:$393
Total Square Footage:2,097 SF
Transaction Type:Sale
Located at 5846 Kester Avenue in Van Nuys, this development site was recently sold in a transaction on November 10, 2021. The property spans a lot size of 6,249 square feet and was sold for a price of $825,000. With a price per square foot (PPSF) of $132, this property presents a great investment opportunity.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $825,000
- Lot Size: 6,249 square feet
- PPSF: $132
- Address: 5846 Kester Avenue
- Market: Van Nuys
The buyer, Joe Eagles, acquired this development site from the seller, Doug Williams. The deal was facilitated by the brokers Nathan Shaolian and Ardy Ishal from BRC Advisors. Their expertise and guidance were crucial in closing this successful transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$43,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$2,931.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$3,910.92
Annual Debt Service$46,931.05
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