Jonah Wilson & Marcy Roth Facilitate $5.37M Sale Of 2.19 Acres In Los Angeles
2666 Larmar Road
$5,372,000
Building Size
—
Asset Type
Land
Closing
Jun 6, 2024
AI
The sale involved 2.19 acres of land located at 2666 Larmar Road in Los Angeles. The transaction price was $5,372,000. The property is situated in the Hollywood Hills area, offering picturesque city views and close proximity to the Sunset Strip, making it an ideal location for a potential development project or dream estate.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $5,372,000
- Address: 2666 Larmar Road
- Market: Los Angeles
- Asset Type: Land
- ACRES: 2.19
The buyer, represented by Jonah Wilson of Carolwood Real Estate, and the seller, represented by Marcy Roth of Douglas Elliman, were the key individuals in this transaction. The property presents a unique opportunity for development in a sought-after Los Angeles neighborhood, emphasizing the significance of location and potential for the future project.
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
2.95%
Cash-on-Cash
-0.84%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93