Updated Oct 29, 2024
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
About this deal
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.
On the Map
$4,900,000
$263/SF
Development Site
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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