Ronald Morillo Represents Buyer In $3.4M Sale Of 2.5-Acre Land In Sylmar
10150 Foothill Boulevard
$3,400,000
Building Size
—
Asset Type
Land
Closing
Oct 16, 2024
AI
10150 Foothill Boulevard is a 2.5-acre land parcel located in Sylmar, sold for $3,400,000. The property features extensive frontage for easy access and is situated just off the 210 Freeway in a well-connected area between the San Fernando Valley and surrounding communities.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $3,400,000
- Address: 10150 Foothill Boulevard
- Market: Sylmar
- Land Area: 2.5 acres
- Buyer's Representative: Ronald Morillo
- Seller's Representative: Rod McIntosh - EXP Realty of California Inc
Ronald Morillo represented the buyer in this transaction, facilitating the purchase of the property. The seller, Rod McIntosh, is affiliated with EXP Realty of California Inc, overseeing the sale process. The land parcel presents multiple potential uses, aligning with the strategic location and accessibility offered by its positioning off the 210 Freeway.
Players
Sylmar Land Market Snapshot
Boundary boundary · Land · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.67%
Cash-on-Cash
-1.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93