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Dario Svidler Sells 0.32-Acre Land In Los Angeles For $3.32M

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SOLD
$3,325,000

California

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Land
Sold 06/18/2024
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SOLD

Dario Svidler Sells 0.32-Acre Land In Los Angeles For $3.32M

6219 Banner Avenue

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Land
Sold 06/18/2024
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Summary

CALIFORNIA
Asset Type:Land
Transaction Type:Sale

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

Dario Svidler
31 deals$200M volume(818) 653-2663
BROKER

Details

SOLD
IMAGE: Dario Svidler DATE: 06/18/2024 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 (@KWOfBeverlyHills) SALE PRICE: $3,325,000 NOTE: 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.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$177,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$11,813.03
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,762.20
Annual Debt Service$189,146.36