Ateret Botach Sells 11-Property Portfolio For $51.98 Million In Los Angeles
SOLD
$51,981,686
California
See Similar DealsDevelopment Site
Sold 12/30/2024
SOLD
Ateret Botach Sells 11-Property Portfolio For $51.98 Million In Los Angeles
4201 4225 West Pico Boulevard, 4605 4619 W Pico Blvd, Los Angeles, Ca 90019, 5500 5510 W Pico Blvd, Los Angeles, Ca 90019, 5101 5121 W Pico Blvd, Los Angeles, Ca 90019, 5006 5022 W Pico Blvd, Los Angeles, Ca 90019, 4345 4357 Crenshaw Blvd, Los Angeles, Ca 90008, 181 East Vernon Avenue, 1835 South Bonnie Brae Street, 1905 South Orange Drive & 1917 1923 S Vermont Ave, Los Angeles, Ca 90007
See Similar DealsDevelopment Site
Sold 12/30/2024
Summary
CALIFORNIA
Asset Type:Development Site
Transaction Type:Sale
The transaction involved a development site and retail assets located at multiple addresses including 4201-4225 and 4605-4619 West Pico Boulevard, among others. The total sale price for this 11-property portfolio was $51,981,686, situated within the Los Angeles market.
Summary of transaction details:
- Property Type: Development Site & Retail
- Transaction Amount: $51,981,686
- Seller: Ateret Botach
- Seller's Representative: Neema Ahadian - Marcus & Millichap
- Portfolio Size: 11 Properties
- Location: Mid-City and South Los Angeles
The sale of 4201-4225 W Pico Blvd signifies the culmination of a strategic portfolio disposition managed by Neema Ahadian from Marcus & Millichap, representing the Seller throughout the transaction, which comprised a variety of retail and land assets.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,772,356.59
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$184,679.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$246,419.71
Annual Debt Service$2,957,036.54
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