Updated Sep 9, 2024
$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
$12,550,000
$497/SF
Building Size
25,252 SF
Asset Type
Development Site
Closing
Jul 30, 2019
About this deal
AI
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.
The development site sale at 730-740 S Western Ave, Koreatown, Los Angeles, CA, USA in Los Angeles, California sold for $12.6M in 2019. The building is 25,252 square feet, implying about 497 per square foot on the published price. Brandon Michaels, Andrew Leff, Marcus & Millichap, The CREM Group appear on the sale alongside Marcus & Millichap, The CREM Group. This page is the Los Angeles, California file for the 730-740 S Western Ave, Koreatown, Los Angeles, CA, USA development site sold: pricing, party profiles, and other closed development site comps from the same Los Angeles sit in the Market section below. Filter that Los Angeles development site set by closing date to see what else sold near 730-740 S Western Ave, Koreatown, Los Angeles, CA, USA around 2019. Published consideration for 730-740 S Western Ave, Koreatown, Los Angeles, CA, USA is $12.6M, dated 2019. Cite this $12.5M Sale Of 25,252 SF Koreatown Property At 730-740 S. Western Ave By Brandon Michaels & Andrew Leff sale when underwriting similar development site product around Los Angeles, California.
On the Map
$12,550,000
$497/SF
Development Site
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.26%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93