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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

Property Image
SOLD
$9,750,000
Kevin Booker
Kurt Rappaport
Roy Harel

California

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Development Site20,000 SF
Sold
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Property Image
SOLD

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

See Similar Deals
Development Site20,000 SF
Sold
Kevin Booker
Kurt Rappaport
Roy Harel
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Development Site
Price Per Square Foot:$487
Total Square Footage:20000 SF
Transaction Type:Sale

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
Kurt Rappaport
54 deals$2B volume
BROKER
Roy Harel
Nublock Partners
Roy Harel
19 deals$431.1M volume
BROKER
Kevin Booker
Carolwood Estates
Kevin Booker
7 deals$131.7M volume(310) 623-6545
BROKER
Kevin Booker
Carolwood Estates
Kevin Booker
7 deals$131.7M volume(310) 623-6545
BROKER

Details

SOLD
IMAGE: Kurt Rappaport, Roy Harel & Kevin Booker DATE: 10/01/2021 ADDRESS: 9050 St. Ives Dr. MARKET: Hollywood Hills ASSET TYPE: Development Site SELLER: Jonathan Orszag BUYER’S REP: Roy Harel (@RoyHarel310) - Nublock Partners (@Nublock_Partners) SELLER’S REP: Kurt Rappaport & Kevin Booker (@KevinBookerRealEstate) - WEA SALE PRICE: $9,750,000 BSF: 20,000 ~ PPBSF: $487

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Deal Type
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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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