Updated Sep 11, 2026
Ari Weiss Acquires Development Site On 5951 W 3rd St, Los Angeles For $5M
5951 West Third Street
$5,000,000
Building Size
—
Asset Type
Development Site
Closing
Oct 4, 2022
About this deal
AI
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.
On the Map
$5,000,000
Development Site
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93