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2333 Nottingham Avenue

Levon Yengibaryan Of Coldwell Banker Represents Buyer In $3M Sale Of Land In Los Feliz
SOLDLand

Levon Yengibaryan Of Coldwell Banker Represents Buyer In $3M Sale Of Land In Los Feliz

2333 Nottingham Avenue

$3,000,000

Building Size

Asset Type

Land

Closing

Sep 10, 2024

AI

The 0.32-acre lot at 2333 Nottingham Avenue in Los Feliz, Los Angeles, was sold for $3 million. The prime site offers views of downtown and the Observatory.

Summary of transaction details:

  • Property Type: Land
  • Transaction Amount: $3,000,000
  • Address: 2333 Nottingham Avenue
  • Market: Los Angeles
  • Lot Size: 0.32 acres

Levon Yengibaryan of Coldwell Banker Hallmark represented the buyer, while Terek Kelly of The Agency represented the seller in this transaction.

Players

Terek Kelly

The Agency

Broker

$29.9M

vol

2 deals

Broker

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

5.29%

Cash-on-Cash

-1.51%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93