Massachi Acquires Development Site On West Sunset Boulevard In Los Angeles For $9.35M
SOLD
$9,350,000
California
See Similar DealsDevelopment Site
Sold 03/16/2023
SOLD
Massachi Acquires Development Site On West Sunset Boulevard In Los Angeles For $9.35M
7979 West Sunset Boulevard
See Similar DealsDevelopment Site
Sold 03/16/2023
Summary
CALIFORNIA
Asset Type:Development Site
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$498,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$33,218.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$44,323.77
Annual Debt Service$531,885.24
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