Updated Dec 4, 2024
Max Pellegrini Of Engel & Völkers Brokers $11.9M Sale Of 1.35-Acre Land In Los Angeles
1201 Bel Air Road
$11,900,000
Building Size
—
Asset Type
Land
Closing
May 1, 2024
About this deal
AI
A prime 1.35-acre vacant land located at 1201 Bel Air Road in Los Angeles was sold for $11.9 million. The transaction was brokered by Max Pellegrini of Engel & Völkers, reflecting strong demand for premium real estate in the area.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $11,900,000
- Asset Size: 1.35 acres
- Address: 1201 Bel Air Road
- Market: Los Angeles
Max Pellegrini of Engel & Völkers facilitated the sale of the 1.35-acre vacant land at 1201 Bel Air Road in Los Angeles, showcasing the demand for premium real estate in the area.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.33%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93