Development Site In Los Angeles Acquired For $3.4M By Filip Niculete, Glen Scher & Lonnie McDermott
SOLD
$3,425,000
California
See Similar DealsDevelopment Site10,454 SF
Sold 12/19/2019
SOLD
Development Site In Los Angeles Acquired For $3.4M By Filip Niculete, Glen Scher & Lonnie McDermott
667 North Wilton Place, Los Angeles, CA 90004, USA
See Similar DealsDevelopment Site10,454 SF
Sold 12/19/2019
Summary
CALIFORNIA
Asset Type:Development Site
Price Per Square Foot:$327
Total Square Footage:10,454 SF
Transaction Type:Sale
A development site located at 667-671 N Wilton Pl in Los Angeles was recently sold for $3,425,000. The property, spanning 10,350 square feet, offers potential for future development. With a price per square foot of $330.92, the transaction reflects the value of this development opportunity.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $3,425,000
- Address: 667-671 N Wilton Pl, Los Angeles
- Market: Los Angeles
- Building Square Footage: 10,350
- Price Per Square Foot: $330.92
The sale of this development site was facilitated by brokers Filip Niculete, Glen Scher, and Lonnie McDermott from LA Apartment Advisors.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$182,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,168.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,236.25
Annual Debt Service$194,834.97
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