Telos Properties Acquires Development Site On Beck Ave. In North Hollywood For $850K
6645 Beck Avenue, North Hollywood, California 91606, United States
$850,000
$121/SF
Building Size
7,000 SF
Asset Type
Development Site
Closing
May 24, 2022
AI
A development site located at 6645 Beck Ave in North Hollywood was recently sold. The property was purchased by Telos Properties represented by Josh Gorokhovsky. The seller of the property was Gilberto Solis. The sale price for the development site was $850,000.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $850,000
- Date: 05/25/2022
- Address: 6645 Beck Ave
- Market: North Hollywood
- Buyer: Telos Properties - Josh Gorokhovsky
- Seller: Gilberto Solis
- Asset Type: Development Site
This transaction showcases the involvement of Telos Properties, represented by Josh Gorokhovsky, as the buyer of the development site. On the other hand, Gilberto Solis acted as the seller in this deal.
Los Angeles Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
18.66%
Cash-on-Cash
-5.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93