Ari Weiss Acquires Development Site On 5951 W 3rd St, Los Angeles For $5M
SOLD
$5,000,000
+ 1
California
See Similar DealsDevelopment Site
Sold 10/04/2022
SOLD
Ari Weiss Acquires Development Site On 5951 W 3rd St, Los Angeles For $5M
5951 West Third Street
See Similar DealsDevelopment Site
Sold 10/04/2022
+ 1
Summary
CALIFORNIA
Asset Type:Development Site
Transaction Type:Sale
The development site located at 5951 W 3rd St in Los Angeles has been sold for $5,000,000. The property has a building square footage (BSF) of 5,417, resulting in a price per building square footage (PPBSF) of $923. The transaction took place on 10/04/2022.
Summary of transation details
- Property Type: Development Site
- Transaction Amount: $5,000,000
- Building Square Footage (BSF): 5,417
- Price per Building Square Footage (PPBSF): $923
- Buyer: Ari Weiss
- Seller: Sasha & Ayala Wainshtok
- Brokers: Jordan Asheghian, Tony Azzi & Kristen Sullivan - Marcus & Millichap
The transaction was facilitated by brokers Jordan Asheghian, Tony Azzi, and Kristen Sullivan from Marcus & Millichap. They represented both the buyer, Ari Weiss, and the sellers, Sasha & Ayala Wainshtok.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$266,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,763.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,702.55
Annual Debt Service$284,430.61
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