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9050 Saint Ives Drive, Cent...

Jonathan Orszag Sells Development Site On St. Ives Dr. In Hollywood Hills For $9.75M With Buyer’s Rep Roy Harel - Nublock Partners And Seller’s Rep Kurt Rappaport & Kevin Booker - WEA
SOLDDevelopment Site

Jonathan Orszag Sells Development Site On St. Ives Dr. In Hollywood Hills For $9.75M With Buyer’s Rep Roy Harel - Nublock Partners And Seller’s Rep Kurt Rappaport & Kevin Booker - WEA

9050 Saint Ives Drive, Central LA, Los Angeles, CA 90069, USA

$9,750,000

$487/SF

Building Size

20,000 SF

Asset Type

Development Site

Closing

Oct 1, 2021

AI

A development site located at 9050 St. Ives Dr. in Hollywood Hills has been sold for a price of $9,750,000. The property spans 20,000 square feet and is situated in a prime location for potential development.

Summary of Transaction Details:

  • Property Type: Development Site
  • Transaction Amount: $9,750,000
  • Address: 9050 St. Ives Dr., Hollywood Hills
  • Market: Hollywood Hills

The seller of the property is Jonathan Orszag, while the buyer was represented by Roy Harel from Nublock Partners. On the other hand, the seller was represented by Kurt Rappaport and Kevin Booker from WEA.

This successful transaction showcases the collaboration between various key individuals and companies involved in the deal, demonstrating their expertise and commitment to achieving a mutually beneficial outcome.

Players

Kurt Rappaport

Westside Estate Agency

Broker

$2.1B

vol

58 deals

Broker

West Hollywood 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

1.63%

Cash-on-Cash

-0.46%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93