Transwestern Brokers Sell Development Site In Koreatown For $4.5M
734 South Manhattan Place, Los Angeles, CA, USA
$4,500,000
Building Size
—
Asset Type
Development Site
Closing
Jan 8, 1920
AI
A development site located at 728-734 S Manhattan Pl in Koreatown was recently sold for $4,500,000. This property offers a buildable square footage of 15,000 and a price per buildable square foot of $300.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $4,500,000
- Market: Koreatown
- Buildable Square Footage: 15,000
- Price per Buildable Square Foot: $300
The sale was facilitated by Josh Kaplan, John Swartz, and Troy Lucero, who represented the transaction on behalf of Transwestern.
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
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93