Updated Sep 9, 2024
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
About this deal
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.
On the Map
$9,750,000
$487/SF
Development Site
View full map
Players
West Hollywood Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Deal FAQ
Visit Kevin Booker to view all their deals.
Browse West Hollywood development site sales on Traded.
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