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13636.5 Cerise Ave

Erik Gomez And Mara Lawson Lease Condo From Summit Ridge Ventures LLC In Hawthorne For $2,999/month
LEASEDCondo

Erik Gomez And Mara Lawson Lease Condo From Summit Ridge Ventures LLC In Hawthorne For $2,999/month

13636.5 Cerise Ave

$2,999

$2,999/SF

Building Size

830 SF

Asset Type

Condo

Closing

Apr 1, 2024

AI

The property asset involved in the transaction is a condo located at 13636.5 Cerise Ave in the Hawthorne market. The total square footage of the condo is 830.0 square feet, with a rental rate set at $2,999.00. This transaction involves a lease agreement instead of a sale.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $2,999.00
  • Address: 13636.5 Cerise Ave
  • Market: Hawthorne
  • Tenant: Erik Gomez and Mara Lawson
  • Landlord: Summit Ridge Ventures LLC

The key individuals involved in this deal include tenants Erik Gomez and Mara Lawson, who have entered into a lease with the landlord, Summit Ridge Ventures LLC. This arrangement reflects the responsibilities and agreements established between these parties in the leasing process.

Players

Fred Nabati

Trimax Realty & Loan

Broker

$108.8M

vol

61 deals

Broker
TI
Trimax Realty, Inc.Brokerage
SL
Summit Ridge Ventures LLCLandlord

Erik Gomez

Tenant
Tenant

Mara Lawson

Tenant
Tenant

Hawthorne Condo Market Snapshot

Boundary boundary · Condo · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5289.43%

Cash-on-Cash

-1511.74%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93