Mike Gehzean Acquires Development Site In Koreatown For $2.72M
210 N Berendo St Los Angeles, CA 90004, USA
$2,720,000
Building Size
—
Asset Type
Development Site
Closing
Jul 11, 2023
AI
A development site located at 210-214 N Berendo St in Koreatown has been sold for a price of $2,720,000. The property is situated on a 15,000 square foot lot, resulting in a price per square foot of $181.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $2,720,000
- Address: 210-214 N Berendo St
- Market: Koreatown
The buyer of the development site is Mike Gehzean, while the seller is Kyle Ransford. Representing the buyer is broker Dario Svidler from Partners CRE, and representing the seller is broker Ariel Sayani from Keller Williams.
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
5.83%
Cash-on-Cash
-1.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93