Torrey Ripinsky Acquires Development Site In Virgil Village For $5.25M
SOLD
$5,250,000
California
See Similar DealsDevelopment Site16,454 SF
Sold 06/28/2019
SOLD
Torrey Ripinsky Acquires Development Site In Virgil Village For $5.25M
700 North Virgil Avenue, Los Angeles, CA, USA
See Similar DealsDevelopment Site16,454 SF
Sold 06/28/2019
Summary
CALIFORNIA
Asset Type:Development Site
Price Per Square Foot:$319
Total Square Footage:16,454 SF
Transaction Type:Sale
A development site located at 700 N Virgil in Virgil Village was sold on June 28, 2019. The property, spanning 16,454 square feet, was sold for a total price of $5,250,000, which translates to a price per square foot of $319.07.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $5,250,000
- Square Footage: 16,454
- Price per Square Foot: $319.07
- Market: Virgil Village
The buyer of the property was Torrey Ripinsky, while the seller was Kamo Sokhrabiyantis. This off-market transaction presented an opportunity in an opportunity zone.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$280,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,652.13
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,887.68
Annual Debt Service$298,652.14
Is there something missing? Send suggestions