Dovid Hirsch Acquires Development Site In Koreatown For $1.275M
220 South Berendo Street, Los Angeles, CA, USA
$1,275,000
$170/SF
Building Size
7,501 SF
Asset Type
Development Site
Closing
Sep 21, 2021
AI
A development site located at 220 N. Berendo St. in Koreatown has been sold for a total of $1,275,000. The transaction took place on September 21, 2021. The property, which is a development site, was acquired by Dovid Hirsch from the seller, Julia A. Gomez.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $1,275,000
- Address: 220 N. Berendo St.
- Market: Koreatown
Ariel Sayani from Ariel Sayani's agency served as the broker in this deal.
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
12.44%
Cash-on-Cash
-3.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93