facebook
Traded Co logo
Submit

Mike Gehzean Acquires Development Site In Koreatown For $2.72M

Property Image
SOLD
$2,720,000
Ariel Sayani
Dario Svidler
Kyle Ransford

California

See Similar Deals
Development Site
Sold 07/11/2023
the dealplayerscompscontact
Property Image
SOLD

Mike Gehzean Acquires Development Site In Koreatown For $2.72M

210 N Berendo St Los Angeles, CA 90004, USA

See Similar Deals
Development Site
Sold 07/11/2023
Ariel Sayani
Dario Svidler
Kyle Ransford
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Development Site
Transaction Type:Sale

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

Dario Svidler
Partners CRE
Dario Svidler
31 deals$200M volume(818) 653-2663
BROKER
Ariel Sayani
Partners CRE
Ariel Sayani
25 deals$69.5M volume(310) 968-7711
BROKER
Kyle Ransford
Kyle Ransford
3 deals$9.2M volume
SELLER

Details

SOLD
IMAGE: Dario Svidler & Ariel Sayani DATE: 07/11/2023 ADDRESS: 210-214 N Berendo St MARKET: Koreatown ASSET TYPE: Development Site BUYER: Mike Gehzean SELLER: Kyle Ransford BROKERS: Dario Svidler - Partners CRE; Ariel Sayani - Keller Williams SALE PRICE: $2,720,000 LOT SF: 15,000 ~ PPLSF: $181

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)

$145,066.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,663.58
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,894.19
Annual Debt Service$154,730.25