Updated May 6, 2026
Mathew Cooper Sells Development Site At 1000 Seward Street Los Angeles For $10,025,000 With Michael Shuken And Jared Swedelson
1000 Seward Street
$10,025,000
$2,605/SF
Building Size
3,848 SF
Asset Type
Development Site
Closing
Feb 10, 2026
About this deal
AI
The asset involved in this transaction is a development site located at 1000 Seward Street in Los Angeles. The sale price for the property was $10,025,000, with a total square footage of 34,181. The price per square foot stands at $293.
Summary of transation details:
- Property Type: Development Site
- Transaction Amount: $10,025,000
- Address: 1000 Seward Street
- Market: Los Angeles
- Seller: Mathew Cooper
- Buyer’s Representative: Jared Swedelson - NAI Capital
- Seller’s Representative: Michael Shuken - Savills
Jared Swedelson represented the buyer, facilitating this transaction through NAI Capital. Michael Shuken acted as the seller's representative, representing Mathew Cooper in the deal through Savills.
On the Map
$10,025,000
$2,605/SF
Development Site
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Players
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
1.58%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93