Updated Oct 12, 2026
Erik Gomez And Mara Lawson Lease Condo From Summit Ridge Ventures LLC In Hawthorne For $2,999/month
13636.5 Cerise Ave
Building Size
830 SF
Asset Type
Condo
Closing
Apr 1, 2024
About this deal
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.
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Condo
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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