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7655 South San Pedro Street...

Eleos Acquires Development Site In South LA For $950,000
SOLDDevelopment Site

Eleos Acquires Development Site In South LA For $950,000

7655 South San Pedro Street, Los Angeles, CA 90003, USA

$950,000

$86/SF

Building Size

11,051 SF

Asset Type

Development Site

Closing

Jun 14, 2020

AI

A development site located at 7655 S. San Pedro St. in South LA has been sold. The property was sold on 06/14/2021 for a sale price of $950,000, which was the same as the asking price. The site has a buildable square footage (BSF) of 11,051, resulting in a price per buildable square footage (PPBSF) of $86. The buyer, Eleos represented by David Aghaei and Daniel Dayan, acquired the property from the seller, Jymmy Peraza.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $950,000
  • Buildable Square Footage: 11,051
  • Price per Buildable Square Footage: $86
  • Address: 7655 S. San Pedro St., South LA
  • Market: South LA

Eleos, represented by David Aghaei and Daniel Dayan, was the buyer in this transaction. They successfully acquired the development site from the seller, Jymmy Peraza. No additional information about the deal or the individuals involved was provided.

Players

David Aghaei

Eleos

Buyer

$25M

vol

9 deals

Buyer

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

16.70%

Cash-on-Cash

-4.77%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93