Updated Sep 11, 2026
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
About this deal
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.
On the Map
$9,350,000
Development Site
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Players
Market Development Site Market Snapshot
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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