Torrey Ripinsky Acquires Development Site In Virgil Village For $4.1M
SOLD
$4,100,000
California
See Similar DealsDevelopment Site13,835 SF
Sold 08/05/2019
SOLD
Torrey Ripinsky Acquires Development Site In Virgil Village For $4.1M
611 N Virgil Ave, Los Angeles, CA, USA
See Similar DealsDevelopment Site13,835 SF
Sold 08/05/2019
Summary
CALIFORNIA
Asset Type:Development Site
Price Per Square Foot:$296
Total Square Footage:13,835 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$218,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,566.44
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,436.09
Annual Debt Service$233,233.10
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