Mark Friedman Acquires Mid-City Apartment Building For $2.78M
SOLD
$2,780,000
California
See Similar DealsDevelopment Site10,621 SF
Sold 12/28/2018
SOLD
Mark Friedman Acquires Mid-City Apartment Building For $2.78M
2010 Hauser Boulevard, Los Angeles, CA 90016, USA
See Similar DealsDevelopment Site10,621 SF
Sold 12/28/2018
Summary
CALIFORNIA
Asset Type:Development Site
Price Per Square Foot:$261
Total Square Footage:10,621 SF
Transaction Type:Sale
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
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$148,266.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,876.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,178.62
Annual Debt Service$158,143.42
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