Thomas James Homes Acquires Development Site In Los Angeles For $1.5M
SOLD
$1,500,000
California
See Similar DealsDevelopment Site6,000 SF
Sold 08/25/2021
SOLD
Thomas James Homes Acquires Development Site In Los Angeles For $1.5M
6142 Alcott Street, Los Angeles, CA 90035
See Similar DealsDevelopment Site6,000 SF
Sold 08/25/2021
Summary
CALIFORNIA
Asset Type:Development Site
Price Per Square Foot:$250
Total Square Footage:6,000 SF
Transaction Type:Sale
A development site located at 6142 Alcott St. in Los Angeles was recently sold in a closed transaction. The property spans approximately 6,000 square feet and was sold for a total price of $1,500,000, resulting in a price per square foot of $250.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $1,500,000
- Address: 6142 Alcott St.
- Market: Los Angeles
The buyer in this transaction was Thomas James Homes, represented by Tommy Beadel. The seller of the property was Nilda Unger. The brokering of the deal was handled by Ariel Sayani.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$79,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,329.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,110.77
Annual Debt Service$85,329.18
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