Mark Friedman Acquires Mid-City Apartment Building For $2.78M
2010 Hauser Boulevard, Los Angeles, CA 90016, USA
$2,780,000
$261/SF
Building Size
10,621 SF
Asset Type
Development Site
Closing
Dec 27, 2018
AI
An apartment building located at 2010 Hauser Boulevard in Mid-City has been sold for $2,780,000. The property spans 10,621 square feet and was sold at a price of $237 per square foot.
Summary of transaction details
- Property Type: Apartment Building
- Transaction Amount: $2,780,000
- Address: 2010 Hauser Boulevard
- Market: Mid-City
- Square Footage: 10,621 SF
The seller of the apartment building was Ed Kellman, while the buyer was Mark Friedman. The deal was facilitated by brokers James Welsh and Sean Rosenzweig.
Players
Los Angeles Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.71%
Cash-on-Cash
-1.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93