Updated Dec 21, 2023
Joe Eagles Acquires Development Site On Kester Avenue In Van Nuys For $825K
5846 Kester Avenue, Van Nuys, CA, USA
$825,000
$393/SF
Building Size
2,097 SF
Asset Type
Development Site
Closing
Nov 10, 2021
About this deal
AI
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.
On the Map
$825,000
$393/SF
Development Site
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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
19.23%
Cash-on-Cash
-5.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93