Dovid Hirsch Acquires Development Site In Koreatown For $1.5M
214 Berendo Street, Los Angeles, California 90004, United States
$1,500,000
$200/SF
Building Size
7,500 SF
Asset Type
Development Site
Closing
Jan 24, 2022
AI
A development site located at 214 N. Bernedo St. in Koreatown has been sold in a recent transaction. The property spans 7,500 square feet and was purchased by Dovid Hirsch for a total price of $1,500,000, resulting in a price per square foot of $200. The sale was facilitated by Ariel Sayani and Ardy Ishal from BRC Advisors.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $1,500,000
- Address: 214 N. Bernedo St.
- Market: Koreatown
Dovid Hirsch was the buyer of the property, while Amirul Islam acted as the seller. The transaction was brokered by Ariel Sayani and Ardy Ishal from BRC Advisors.
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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93