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1553 Cliff Drive

Updated Dec 4, 2024

Ana Pantoja & Endre Barath Handle $11.95M Land Sale In Los Angeles
SOLDLand

Ana Pantoja & Endre Barath Handle $11.95M Land Sale In Los Angeles

1553 Cliff Drive

$11,950,000

$1,642/SF

Building Size

7,276 SF

Asset Type

Land

Closing

Apr 30, 2024

About this deal

AI

The vacant land located at 1553 Cliff Drive in Los Angeles was sold for $11,950,000. This sizable lot spans 7,276 square feet, resulting in a price per lot square foot of $1,642. Situated in the Mount Washington area, the land boasts a gentle up slope and presents a rare opportunity for developers or individuals seeking to build a view home. The utilities are conveniently located at the street.

Summary of transaction details:

  • Property Type: Land
  • Transaction Amount: $11,950,000
  • Address: 1553 Cliff Drive
  • Market: Los Angeles

The sale was facilitated by Ana Pantoja of Century 21 Realty Masters, who represented the buyer, and Endre Barath of Berkshire Hathaway HomeServices California Properties, who represented the seller. This transaction underscores the crucial role played by the real estate agents in bringing the deal to fruition.

Players

Endre Barath Jr.

Berkshire Hathaway HomeServices

Broker

$12M

vol

1 deal

Broker

Los Angeles Land Market Snapshot

Boundary boundary · Land · Sale transactions

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Deal FAQ

About $1.6K per square foot on a published $12M for 7,276 square feet (2024).

Visit Berkshire Hathaway HomeServices to view all their deals.

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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

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