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2666 Larmar Road

Updated Dec 4, 2024

Bilt advertisement
Jonah Wilson & Marcy Roth Facilitate $5.37M Sale Of 2.19 Acres In Los Angeles
SOLDLand

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

About this deal

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

Marcy Roth

Douglas Elliman

Broker

$58.5M

vol

6 deals

Broker
Hilton & Hyland
Hilton & HylandBrokerage

Los Angeles Land Market Snapshot

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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

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