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Transwestern Brokers Sell Development Site In Koreatown For $4.5M

Property Image
SOLD
$4,500,000
Troy Lucero
Josh Kaplan
John Swartz

California

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Development Site
Sold 01/08/20
the dealplayerscompscontact
Property Image
SOLD

Transwestern Brokers Sell Development Site In Koreatown For $4.5M

734 South Manhattan Place, Los Angeles, CA, USA

See Similar Deals
Development Site
Sold 01/08/20
Troy Lucero
Josh Kaplan
John Swartz
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Development Site
Transaction Type:Sale

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

John Swartz
Compass
John Swartz
19 deals$137.6M volume(310) 779-9929
BROKER
Josh Kaplan
Transwestern
Josh Kaplan
8 deals$74.1M volume(213) 430-2538
BROKER
Troy Lucero
Transwestern
Troy Lucero
8 deals$74.1M volume
BROKER

Details

SOLD
IMAGE: Josh Kaplan @kappymultifamilyla, John Swartz @johnnymultifamilyla & Troy Lucero @mrluceroapts DATE: 01/09/2020 ADDRESS: 728- 734 S Manhattan Pl MARKET: Koreatown ASSET TYPE: Development Site PRICE: $4,500,000 BSF: 15,000 PPBSF: $300 BROKERS: Josh Kaplan, John Swartz, Troy Lucero - Transwestern @transwestern

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$240,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$15,987.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,332.30
Annual Debt Service$255,987.55