Jonathan Parzivand Acquires Industrial Property On Lassen St. In Chatsworth For $3.05M
20600 Lassen Street, Chatsworth, CA 91311, USA
$3,052,000
$260/SF
Building Size
11,720 SF
Asset Type
Industrial
Closing
Aug 31, 2021
AI
Located in Chatsworth, the industrial property at 20600-20630 Lassen St. has recently changed hands in a sale transaction. The property spans 11,720 square feet and was sold for a total price of $3,052,000, resulting in a price per square foot of $260. The transaction took place on August 31, 2021. The property was purchased by Jonathan Parzivand from sellers Jason Rubin and Maya Rubin.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $3,052,000
- Square Footage: 11,720
- Address: 20600-20630 Lassen St.
- Market: Chatsworth
Represented by Greg Offsay and Todd Nathanson from Illi Commercial Real Estate, the sale transaction was facilitated by brokers. Greg Offsay and Todd Nathanson served as representatives for both the buyer, Jonathan Parzivand, and the sellers, Jason Rubin and Maya Rubin.
Players
Los Angeles Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.20%
Cash-on-Cash
-1.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93