Updated Sep 9, 2024
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
About this deal
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.
The development site sale at 220 South Berendo Street, Los Angeles, CA, USA in Los Angeles, California sold for $1.3M in 2021. The building is 7,501 square feet, implying about 170 per square foot on the published price. Ariel Sayani, Dovid Hirsch, Kidder Mathews, Partners CRE appear on the sale alongside Kidder Mathews, Partners CRE. This page is the Los Angeles, California file for the 220 South Berendo Street, Los Angeles, CA, USA development site sold: pricing, party profiles, and other closed development site comps from the same Los Angeles sit in the Market section below. Filter that Los Angeles development site set by closing date to see what else sold near 220 South Berendo Street, Los Angeles, CA, USA around 2021. Published consideration for 220 South Berendo Street, Los Angeles, CA, USA is $1.3M, dated 2021. Cite this Dovid Hirsch Acquires Development Site In Koreatown For $1.275M sale when underwriting similar development site product around Los Angeles, California.
Players
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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