Updated Dec 19, 2023
Hyun Kim Sells Development Site In West Adams District For $1.3M With Daniel Hirth As The Broker
2520 Virginia Road, Los Angeles, CA, USA
$1,300,000
$603/SF
Building Size
2,154 SF
Asset Type
Development Site
Closing
Jan 6, 2020
About this deal
AI
A development site located at 2520 Virginia Road in the West Adams District has been sold for $1,300,000. The property spans 6,876 square feet and has a price per buildable square foot (PPBSF) of $189.06. The transaction took place on 01/07/2020, and the seller of the property was Hyun Kim.
Summary of transaction details
- Property Type: Development Site
- Sale Price: $1,300,000
- Building Square Footage: 6,876
- Price per Buildable Square Foot (PPBSF): $189.06
- Transaction Date: 01/07/2020
The deal was facilitated by Daniel Hirth from Hirth Group acting as the broker in the transaction.
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
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93