Updated Dec 19, 2023
Ahmad Heydar Acquires Development Site In Canoga Park For $800K
7403 Topanga Canyon Boulevard, Canoga Park, CA 91303
$800,000
$162/SF
Building Size
4,929 SF
Asset Type
Development Site
Closing
Dec 9, 2021
About this deal
AI
Located in Canoga Park, the property at 7403 Topanga Canyon Blvd. has been sold in a recent transaction. The asset type of this property is a development site, making it an excellent opportunity for future construction projects. The sale took place on 12/09/2021.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $800,000
- Square Footage: 4,929
- Price per Square Foot: $161
- Market: Canoga Park
The buyer of the property is Ahmad Heydar, who acquired it from the seller, Douglas Stephen Bogie. The transaction was facilitated by brokers Filip Niculete and Glen Scher from the Marcus & Millichap LAAA Team. The buyer purchased the property for the full list price, making it an all-cash deal. The sale generated multiple offers, indicating the desirability of the location. Conceptual drawings were included in the transaction, providing a vision for potential development on the site.
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
19.83%
Cash-on-Cash
-5.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93