Tommy Beadel Acquires Development Site In Koreatown For $1.32M
124 N Manhattan Pl, Los Angeles, CA, USA
$1,320,000
$200/SF
Building Size
6,600 SF
Asset Type
Development Site
Closing
Oct 1, 2021
AI
A development site located at 124 N. Manhattan Pl. in Koreatown has been sold for a total price of $1,320,000. The property, which spans 6,600 square feet, was sold by Shalley Kim to Tommy Beadel. The transaction was facilitated by broker Ariel Sayani from an undisclosed agency.
Summary of transation details
- Property Type: Development Site
- Transaction Amount: $1,320,000
- Address: 124 N. Manhattan Pl.
- Market: Koreatown
The sale of the development site marks an important milestone for both the buyer, Tommy Beadel, and the seller, Shalley Kim. This transaction showcases the growing interest in real estate opportunities in Koreatown. With a sale price of $1,320,000 and a square footage of 6,600, this deal represents a significant investment in the area's development potential. Ariel Sayani, from an undisclosed agency, represented both parties involved in the transaction.
Players
Los Angeles Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.02%
Cash-on-Cash
-3.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93