Torrey Ripinsky Acquires Development Site In Virgil Village For $4.1M
611 N Virgil Ave, Los Angeles, CA, USA
$4,100,000
$296/SF
Building Size
13,835 SF
Asset Type
Development Site
Closing
Aug 4, 2019
AI
A development site located at 611 N Virgil Ave in Virgil Village has been sold for $4,100,000. The property spans 13,835 square feet, resulting in a price per square foot of $296.35. The sale took place on 8th May 2019 between the buyer, Torrey Ripinsky, and the seller, 25225 LLC. Torrey Ripinsky was represented by Dario Svidler in the transaction.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $4,100,000
- Address: 611 N Virgil Ave
- Market: Virgil Village
- Square Footage: 13,835
- Price per Square Foot: $296.35
Dario Svidler from Torrey Ripinsky's representative agency played a crucial role in the deal, ensuring a successful transfer of ownership for the development site situated in Virgil Village.
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
3.87%
Cash-on-Cash
-1.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93