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6219 Banner Avenue

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

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

Dario Svidler

Partners CRE

Broker

$200M

vol

31 deals

Broker

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

4.77%

Cash-on-Cash

-1.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93