facebook
Traded Co logo
Submit

Tommy Beadel Acquires Development Site In Koreatown For $1.32M

Property Image
SOLD
$1,320,000

California

See Similar Deals
Development Site6,600 SF
Sold 10/01/2021
the dealplayerscompscontact
Property Image
SOLD

Tommy Beadel Acquires Development Site In Koreatown For $1.32M

124 N Manhattan Pl, Los Angeles, CA, USA

See Similar Deals
Development Site6,600 SF
Sold 10/01/2021
Contact now

Summary

CALIFORNIA
Asset Type:Development Site
Price Per Square Foot:$200
Total Square Footage:6,600 SF
Transaction Type:Sale

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

Ariel Sayani
25 deals$69.5M volume(310) 968-7711
BROKER

Kidder Mathews
BROKERAGE

Details

SOLD
IMAGE: Ariel Sayani DATE: 10/01/2021 ADDRESS: 124 N. Manhattan Pl. MARKET: Koreatown ASSET TYPE: Development Site BUYER: Tommy Beadel SELLER: Shalley Kim BROKER: Ariel Sayani (@ArielSayani) SALE PRICE: $1,320,000 BSF: 6,600 ~ PPBSF: $200

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$70,399.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,689.69
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,257.47
Annual Debt Service$75,089.68