Dario Svidler Sells 0.32-Acre Land In Los Angeles For $3.32M
6219 Banner Avenue
$3,325,000
Building Size
—
Asset Type
Land
Closing
Jun 18, 2024
AI
6219 Banner Avenue in Los Angeles, a 0.32-acre land parcel, has been sold for $3,325,000. The transaction, facilitated with Sachin Patel representing the buyer and Dario Svidler of Keller Williams Beverly Hills representing the seller, is set to be developed into an affordable housing project in a highly accessible area near Hollywood amenities and public transportation.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $3,325,000
- Address: 6219 Banner Avenue
- Market: Los Angeles
- Asset Type: Land
- ACRES: 0.32
- BUYER'S REP: Sachin Patel
- SELLER'S REP: Dario Svidler - Keller Williams Beverly Hills
The transaction showcases the collaboration between Sachin Patel, the dedicated buyer's representative, and Dario Svidler from Keller Williams Beverly Hills, who adeptly represented the seller in the successful sale of the land parcel. Their expertise and negotiation skills facilitated the agreement for the development of an affordable housing project in a prime location, promising accessibility to Hollywood's amenities and excellent public transportation options.
Players
Los Angeles Land Market Snapshot
Boundary boundary · Land · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.77%
Cash-on-Cash
-1.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93