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
$51,981,686
Building Size
—
Asset Type
Development Site
Closing
Dec 30, 2024
AI
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.
Los Angeles 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
0.31%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93