Updated Aug 24, 2026
Danny Navarro Of Caterra Real Estate Sells Land At 2429 Folsom Street For $1.15 Million
2429 Folsom Street
$1,150,000
$793/SF
Building Size
1,450 SF
Asset Type
Land
Closing
Jun 22, 2026
About this deal
AI
The asset involved in this transaction is a piece of land located at 2429 Folsom Street in the Los Angeles market. The sale price for the property was $1,150,000, with a total size of 1,450 square feet, translating to a price per square foot of $793.
Summary of transation details:
- Property Type: Land
- Transaction Amount: $1,150,000
- Buyer: Danny Navarro
- Seller: Albert Gadolian
- Broker: Danny Navarro - Caterra Real Estate
- Title Company: Michelle Barron & Rod Gordy - Fidelity National Title
This transaction featured Danny Navarro acting as both the broker and the buyer, representing himself through Caterra Real Estate. The title company handling the transaction was Fidelity National Title, with representatives Michelle Barron and Rod Gordy overseeing the process.
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
13.79%
Cash-on-Cash
-3.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93