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Ziad & Nicole Diab Purchase Redevelopment Property From Joel Tucker In Los Angeles For $1M

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SOLD
$1,000,000

California

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Mixed-use3,166 SF
Sold 10/17/2024
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Property Image
SOLD

Ziad & Nicole Diab Purchase Redevelopment Property From Joel Tucker In Los Angeles For $1M

Glendale Blvd

See Similar Deals
Mixed-use3,166 SF
Sold 10/17/2024
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Summary

CALIFORNIA
Asset Type:Mixed-use
Price Per Square Foot:$315
Total Square Footage:3,166 SF
Transaction Type:Sale

The property involved in this transaction is located at 1800 Glendale Blvd and 2147 Branden St in the Los Angeles market. It is a redevelopment asset that was sold for $1,000,000. The square footage of the property measures 3,166, with a price per square foot of $315. The lot size is 5,898 square feet, resulting in a price per square foot of land at $169.55.

Summary of transaction details:

  • Property Type: Redevelopment
  • Transaction Amount: $1,000,000
  • Buyer: Ziad & Nicole Diab
  • Seller: Joel Tucker
  • Broker Representatives: Martin Agnew & Ryan Rothstein-Serling - Marcus & Millichap
  • Square Footage: 3,166
  • Lot Size: 5,898
  • Price per Square Foot: $315
  • Price per Square Foot Land: $169.55

This transaction was facilitated by brokers Martin Agnew and Ryan Rothstein-Serling from Marcus & Millichap, who represented the respective parties involved in the deal.

Players

Martin Agnew
119 deals$436.8M volume
BROKER

Ryan Rothstein-Serling
Marcus & Millichap
122 deals$509.8M volume(818) 212-2725
BROKER

Details

SOLD
IMAGE: Martin Agnew & Ryan Rothstein-Serling DATE: 10/17/2024 ADDRESS: 1800 Glendale Blvd and 2147 Branden St MARKET: Los Angeles ASSET TYPE: Redevelopment BUYER: Ziad & Nicole Diab SELLER: Joel Tucker BROKERS: Martin Agnew (@MartyAgnew) & Ryan Rothstein-Serling (@RyanRS14) - Marcus & Millichap (@MarcusMillichapinc) SALE PRICE: $1,000,000 SF: 3,166 ~ PPSF: $315 LOT SF: 5,898 PPSF LAND - $169.55

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$3,552.80
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