Updated Oct 21, 2026
4631 Beverly Boulevard
4631 Beverly Boulevard
$4,975,000
$236/SF
Building Size
21,000 SF
Asset Type
Land
Closing
Jul 22, 2026
About this deal
AI
The property involved in this transaction is a development site located at 4623-4631 Beverly Boulevard, Los Angeles. The asset consists of three contiguous C2-1 parcels, providing a total of 21,000 square feet and was sold for $4,975,000. The price per square foot stands at $236. The transaction was an all-cash deal, facilitating an expedited closing process.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $4,975,000
- Square Footage: 21,000
- Price per Square Foot: $236
- Buyer: Ali Yashar Tavakoli
- Seller: James McNeal
- Seller's Representatives: Filip Niculete, Glen Scher - The LAAA Team - Marcus & Millichap; Cyrus Ahmadi - Standard Realty
Filip Niculete and Glen Scher, representing the seller under The LAAA Team from Marcus & Millichap, along with Cyrus Ahmadi from Standard Realty, facilitated the successful closing of this transaction. The sale involved an unentitled development site with potential for construction of up to 121 mixed-income residential units in a desirable area.
On the Map
$4,975,000
$236/SF
Land
View full map
Players
Los Angeles Land Market Snapshot
Boundary boundary · Land · Sale transactions
Loading comparables…
Deal FAQ
Visit Glen Scher to view all their deals.
Browse Los Angeles land sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.19%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93