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214 Berendo Street, Los Ang...

Dovid Hirsch Acquires Development Site In Koreatown For $1.5M
SOLDDevelopment Site

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

Ariel Sayani

Partners CRE

Broker

$69.5M

vol

25 deals

Broker
Kidder Mathews
Kidder MathewsBrokerage

Dovid Hirsch

Buyer

$2.8M

vol

2 deals

Buyer

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