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7979 West Sunset Boulevard

Massachi Acquires Development Site On West Sunset Boulevard In Los Angeles For $9.35M
SOLDDevelopment Site

Massachi Acquires Development Site On West Sunset Boulevard In Los Angeles For $9.35M

7979 West Sunset Boulevard

$9,350,000

Building Size

Asset Type

Development Site

Closing

Mar 16, 2023

AI

A development site located at 7979 West Sunset Boulevard in Los Angeles has been sold for $9,350,000. The property, situated in a prime location, presents a valuable opportunity for urban real estate development.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $9,350,000
  • Market: Los Angeles

The buyer in this transaction is Alex Massachi, representing Massachi. On the other hand, the seller is SHP Capital, with Michael Soleimani as their representative. Alex Massachi, the founder of Massachi, is a visionary in the field of urban real estate. Massachi offers exciting career opportunities in acquisitions, development, and lending. For more information, interested individuals can reach out to [email protected]. It is important to note that Massachi is an equal opportunity employer and lender.

Players

Alex Massachi

Buyer

$71M

vol

3 deals

Buyer

Market 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

1.70%

Cash-on-Cash

-0.48%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93