2847 Leeward LLC Acquires Development Site In Koreatown For $4.9M
2847 Leeward Avenue, Los Angeles, CA, USA
$4,900,000
$263/SF
Building Size
18,600 SF
Asset Type
Development Site
Closing
Sep 24, 2019
AI
A development site located at 2847 Leeward Ave in Koreatown was recently sold for $4,900,000. The property spans 18,600 square feet and has a price per buildable square foot of $263. The sale took place on September 25, 2019.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $4,900,000
- Address: 2847 Leeward Ave
- Market: Koreatown
- Building Square Footage: 18,600
- Price per Buildable Square Foot: $263
2847 Leeward LLC purchased the development site. The deal was facilitated by Almog Strikowski and Mark Hong, representing the buyer 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
3.24%
Cash-on-Cash
-0.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93