Updated Sep 9, 2024
Saeed Dayani Acquires Development Site On 828 N. Detroit Street In Los Angeles
828 North Detroit Street, Los Angeles, CA 90046, USA
$1,560,000
$240/SF
Building Size
6,500 SF
Asset Type
Development Site
Closing
Sep 21, 2021
About this deal
AI
A development site located at 828 N. Detroit Street in Los Angeles has been sold for a price of $1,560,000. The property has a building square footage of 6,500 and a price per building square footage of $240. The transaction took place on September 21, 2021.
Summary of transation details
- Property Type: Development Site
- Transaction Amount: $1,560,000
- Address: 828 N. Detroit Street, Los Angeles
- Market: Los Angeles
- BSF: 6,500
- PPBSF: $240
The buyer for this development site is Saeed Dayani, while the seller is Lana N. Maraulja. The deal was facilitated by brokers Michael Monempour and David Saghian.
Players
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
10.17%
Cash-on-Cash
-2.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93