Updated Dec 21, 2023
Colliers International Sells Development Site In Koreatown, Los Angeles For $2.6M
2808 West 8th Street, Los Angeles, California 90005, United States
$2,600,000
$208/SF
Building Size
12,502 SF
Asset Type
Development Site
Closing
Apr 20, 2022
About this deal
AI
A development site located at 2808 W. 8th St in Los Angeles, CA 90005, was recently sold in Koreatown. The transaction took place on 04/21/2022, with Adam Tischer from Colliers International serving as the broker. The sale price for the property was $2,600,000, with a total area of 12,502 square feet. The price per square foot was calculated at $208.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $2,600,000
- Address: 2808 W. 8th St, Los Angeles, CA 90005
- Market: Koreatown
Adam Tischer, from Colliers International, played a crucial role in facilitating this sale. Their expertise and representation were instrumental in closing the deal. This transaction highlights the demand and potential of development sites in Koreatown.
On the Map
$2,600,000
$208/SF
Development Site
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Los Angeles Development Site Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.10%
Cash-on-Cash
-1.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93