Joseph La Croix & Orit Gadish Facilitate $2.65M Sale Of Land At 1242 Sunset Plaza Drive
1242 Sunset Plaza Drive
$2,650,000
Building Size
—
Asset Type
Land
Closing
Jul 8, 2024
AI
A vacant land parcel at 1242 Sunset Plaza Drive in Los Angeles' Hollywood Hills West sold for $2.65 million. This 0.26-acre lot offers a prime location near the Sunset Strip, ideal for building a custom home with panoramic views.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $2,650,000
- Address: 1242 Sunset Plaza Drive
- Market: Los Angeles
- Asset Type: Land
- ACRES: 0.26
- Buyer's Rep: Joseph La Croix - Keller WilliamsBeverly Hills
- Seller's Rep: Orit Gadish - Geffen Real Estate
The transaction was facilitated by Joseph La Croix of Keller Williams Beverly Hills, representing the buyer, and Orit Gadish of Geffen Real Estate, representing the seller. Through their expertise, the deal for this prime land in the sought-after Hollywood Hills West area was successfully closed.
Players
Los Angeles 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
5.99%
Cash-on-Cash
-1.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93