Updated Dec 21, 2023
Investor Acquires Development Site On Linda Flora Drive In Los Angeles
903 Linda Flora Drive, Los Angeles, CA, USA
$3,260,000
$471/SF
Building Size
6,914 SF
Asset Type
Development Site
Closing
Mar 30, 2021
About this deal
AI
A development site located at 903 Linda Flora Drive in Los Angeles has been recently sold. The property, situated in a great high-appreciating neighborhood, offers magnificent views. The transaction took place off-market, and the sale price was $3,260,000, lower than the asking price of $4,000,000. The development site spans 6,914 square feet, resulting in a price per square foot of $471.
Summary of transaction details
- Property Type: Dev Site
- Transaction Amount: $3,260,000
- Address: 903 Linda Flora Drive
- Market: Los Angeles
The sale of the development site at 903 Linda Flora Drive was brokered by Nasrin Shelian from AryanRabizadehRealtor. The buyer was able to secure this amazing deal after months of negotiation, resulting in the property being purchased below the asking price. The off-market transaction allowed for the acquisition of a prime location in a highly appreciating neighborhood.
With all the recent events in society, owning and investing in real estate has become more important than ever. Nasrin Shelian of AryanRabizadehRealtor is dedicated to working in the best interest of her clients and helping them achieve their long-term goals in real estate. She is committed to providing personalized service and taking the necessary actions to ensure her clients' needs are met.
For those looking to plan their future and build wealth through real estate, now is the perfect time to get started. With the acquisition of this development site, the buyer has taken a significant step towards their goals of success and prosperity.
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
4.87%
Cash-on-Cash
-1.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93