Dovid Hirsch Acquires Development Site In Koreatown For $1.5M
SOLD
$1,500,000
California
See Similar DealsDevelopment Site7,500 SF
Sold 01/25/2022
SOLD
Dovid Hirsch Acquires Development Site In Koreatown For $1.5M
214 Berendo Street, Los Angeles, California 90004, United States
See Similar DealsDevelopment Site7,500 SF
Sold 01/25/2022
Summary
CALIFORNIA
Asset Type:Development Site
Price Per Square Foot:$200
Total Square Footage:7,500 SF
Transaction Type:Sale
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
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$79,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,329.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,110.77
Annual Debt Service$85,329.18
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