2847 Leeward LLC Acquires Development Site In Koreatown For $4.9M
SOLD
$4,900,000
California
See Similar DealsDevelopment Site18,600 SF
Sold 09/25/2019
SOLD
2847 Leeward LLC Acquires Development Site In Koreatown For $4.9M
2847 Leeward Avenue, Los Angeles, CA, USA
See Similar DealsDevelopment Site18,600 SF
Sold 09/25/2019
Summary
CALIFORNIA
Asset Type:Development Site
Price Per Square Foot:$263
Total Square Footage:18,600 SF
Transaction Type:Sale
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
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$261,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,408.68
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,228.50
Annual Debt Service$278,742.00
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