Dovid Hirsch Acquires Development Site In Koreatown For $1.275M
SOLD
$1,275,000
California
See Similar DealsDevelopment Site7,501 SF
Sold 09/21/2021
SOLD
Dovid Hirsch Acquires Development Site In Koreatown For $1.275M
220 South Berendo Street, Los Angeles, CA, USA
See Similar DealsDevelopment Site7,501 SF
Sold 09/21/2021
Summary
CALIFORNIA
Asset Type:Development Site
Price Per Square Foot:$170
Total Square Footage:7,501 SF
Transaction Type:Sale
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
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$67,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,529.81
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,044.15
Annual Debt Service$72,529.81
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