Berberian Family Acquires Dev Site In West Hollywood From Mannheim Family For $5.375M
SOLD
California
See Similar DealsDevelopment Site8,376 SF
Sold 12/06/2021
SOLD
Berberian Family Acquires Dev Site In West Hollywood From Mannheim Family For $5.375M
948 N San Vicente Blvd, West Hollywood, CA, USA
See Similar DealsDevelopment Site8,376 SF
Sold 12/06/2021
Summary
CALIFORNIA
Asset Type:Development Site
Price Per Square Foot:$641
Total Square Footage:8,376 SF
Transaction Type:Sale
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.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$286,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,096.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$25,480.24
Annual Debt Service$305,762.91
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