Updated Sep 9, 2024
Berberian Family Acquires Dev Site In West Hollywood From Mannheim Family For $5.375M
948 N San Vicente Blvd, West Hollywood, CA, USA
$5,375,000
$641/SF
Building Size
8,376 SF
Asset Type
Development Site
Closing
Dec 6, 2021
About this deal
AI
A development site located at 948 & 954 N. San Vicente Blvd. in West Hollywood has been sold for $5,375,000.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $5,375,000
- Square footage: 8,376
- Price per square foot: $641
- Address: 948 & 954 N. San Vicente Blvd., West Hollywood
- Market: West Hollywood
The buyer of the property is the Berberian Family, while the seller is the Mannheim Family. The deal was facilitated by Compass brokers Almog Strikowski and Dario Svidler.
On the Map
$5,375,000
$641/SF
Development Site
View full map
Players
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
2.95%
Cash-on-Cash
-0.84%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93