Telos Properties Acquires Development Site On Beck Ave. In North Hollywood For $850K
SOLD
$850,000
California
See Similar DealsDevelopment Site7,000 SF
Sold 05/25/2022
SOLD
Telos Properties Acquires Development Site On Beck Ave. In North Hollywood For $850K
6645 Beck Avenue, North Hollywood, California 91606, United States
See Similar DealsDevelopment Site7,000 SF
Sold 05/25/2022
Summary
CALIFORNIA
Asset Type:Development Site
Price Per Square Foot:$121
Total Square Footage:7,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$45,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,019.88
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,029.43
Annual Debt Service$48,353.20
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