Hooman Ghafarri Acquires Development Site In Koreatown For $1.4M
SOLD
$1,400,000
California
See Similar DealsDevelopment Site6,400 SF
Sold 02/10/2022
SOLD
Hooman Ghafarri Acquires Development Site In Koreatown For $1.4M
904 South Normandie Avenue, Los Angeles, California 90006, United States
See Similar DealsDevelopment Site6,400 SF
Sold 02/10/2022
Summary
CALIFORNIA
Asset Type:Development Site
Price Per Square Foot:$218
Total Square Footage:6,400 SF
Transaction Type:Sale
The development site located at 904 S. Normandie Ave. in Koreatown has been sold for a price of $1,400,000. Spanning across 6,400 square feet, the property was acquired by Hooman Ghafarri from the seller, Abraham Song. Ariel Sayani and Ardy Ishal, from BRC Advisors, represented both parties in the transaction.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $1,400,000
- Address: 904 S. Normandie Ave.
- Market: Koreatown
This deal was facilitated by the brokers Ariel Sayani and Ardy Ishal from BRC Advisors. Their expertise and representation contributed to a successful transaction between the buyer, Hooman Ghafarri, and the seller, Abraham Song. No additional information is available regarding this transaction.
Players
BROKERAGE
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$74,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,973.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,636.71
Annual Debt Service$79,640.57
Is there something missing? Send suggestions