Thomas James Homes Acquires Development Site In Los Angeles For $1.5M
6142 Alcott Street, Los Angeles, CA 90035
$1,500,000
$250/SF
Building Size
6,000 SF
Asset Type
Development Site
Closing
Aug 25, 2021
AI
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
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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93