facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

California

/

Development Site

/

Sale

/

2808 West 8th Street, Los A...

Colliers International Sells Development Site In Koreatown, Los Angeles For $2.6M
SOLDDevelopment Site

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

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.

Players

Adam Tischer

Colliers

Broker

$55.8M

vol

5 deals

Broker

Los Angeles Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

Loading comparables…

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