Updated Nov 28, 2024
Goldman Sachs Sells Development Site In Venice For $1.7M
635 San Juan Avenue, Venice, CA, USA
$1,725,000
$330/SF
Building Size
5,222 SF
Asset Type
Development Site
Closing
Dec 22, 2020
About this deal
AI
A development site located at 635 San Juan Ave in Venice has been sold in a closed transaction. The property, offered by seller Goldman Sachs, was listed by brokers Filip Niculete and Glen Scher from the LAAATeam. The sale took place on December 23, 2020.
Summary of transaction details
- Property Type: Development site
- Transaction Amount: $1,725,000
- Address: 635 San Juan Ave
- Market: Venice
The development site, known as a prime location in Venice, was purchased through a bankruptcy sale. Filip Niculete and Glen Scher from the LAAATeam represented the seller, Goldman Sachs. The property had a price per square foot of $330, with a total buildable square footage of 5,222. The sale price reached $1,725,000.
It's important to note that the sale of this development site indicates the continued investment and growth in the Venice market.
Players
Los Angeles Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Deal FAQ
Visit Glen Scher to view all their deals.
Browse Los Angeles development site sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.20%
Cash-on-Cash
-2.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93