$12.5M Sale Of 25,252 SF Koreatown Property At 730-740 S. Western Ave By Brandon Michaels & Andrew Leff
SOLD
$12,550,000
California
See Similar DealsDevelopment Site25,252 SF
Sold 07/31/2019
SOLD
$12.5M Sale Of 25,252 SF Koreatown Property At 730-740 S. Western Ave By Brandon Michaels & Andrew Leff
730-740 S Western Ave, Koreatown, Los Angeles, CA, USA
See Similar DealsDevelopment Site25,252 SF
Sold 07/31/2019
Summary
CALIFORNIA
Asset Type:Development Site
Price Per Square Foot:$497
Total Square Footage:25,252 SF
Transaction Type:Sale
A property in Koreatown, located at 730-740 S. Western Ave, has been sold for a total price of $12,550,000. The property consists of a total square footage of 25,252, with a price per square foot of $496.99.
Summary of transation details
- Property Type: Sale
- Transaction Amount: $12,550,000
- Date: 07/31/2019
- Address: 730-740 S. Western Ave
- Market: Koreatown
The sale was facilitated by Brandon Michaels and Andrew Leff, representing the buyers and sellers in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$669,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$44,587.51
Cash-on-Cash Return-1.27%
Monthly Debt Service$59,493.40
Annual Debt Service$713,920.83
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