facebook

traded

+ Submit
Home

/

Deals

/

California

/

Development Site

/

Sale

/

2010 Hauser Boulevard, Los ...

Mark Friedman Acquires Mid-City Apartment Building For $2.78M
SOLDDevelopment Site

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

James Welsh

Marcus & Millichap

Broker

$7M

vol

2 deals

Broker

Mark Friedman

MF Asset Management

Buyer

$66.9M

vol

4 deals

Buyer

Los Angeles Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

Loading comparables…

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