Ji Youn Kim Acquires Development Site In Harvard Heights, Koreatown For $2.4M
1664 South Western Avenue, Los Angeles, California 90047, United States
$2,400,000
$239/SF
Building Size
10,013 SF
Asset Type
Development Site
Closing
Apr 28, 2022
AI
An undisclosed development site located at 1664 S. Western Ave. in Harvard Heights, Koreatown, has been sold for a price of $2,400,000. The property spans a total of 10,013 square feet and has a price per square foot of $240. The transaction took place on April 29, 2022.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $2,400,000
- Address: 1664 S. Western Ave.
- Market: Harvard Heights, Koreatown
- Buyer: Ji Youn Kim
- Seller: John Dickey
- Buyer's Representative: Steven Oh - Redpoint Realty
- Seller's Representatives: Floyd Shaheen & Brandon Evans - Marcus & Millichap
- Building Square Footage: 10,013
- Price Per Square Foot: $240
The buyer, Ji Youn Kim, was represented by Steven Oh from Redpoint Realty, while the seller, John Dickey, had Floyd Shaheen and Brandon Evans from Marcus & Millichap acting as their representatives. The sale of this development site presents an opportunity for potential future construction and development in the Harvard Heights, Koreatown area.
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
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93