Updated Oct 28, 2024
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
About this deal
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.
On the Map
$950,000
$86/SF
Development Site
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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