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
$3,425,000
$327/SF
Building Size
10,454 SF
Asset Type
Development Site
Closing
Dec 18, 2019
AI
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.
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
4.63%
Cash-on-Cash
-1.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93