Updated Dec 21, 2023
Adam Surnow Acquires Development Site On N. Mariposa Ave In $1.33M Deal
923 North Mariposa Avenue, Los Angeles, CA, USA
$1,335,000
$133/SF
Building Size
10,000 SF
Asset Type
Development Site
Closing
Aug 2, 2020
About this deal
AI
A development site located at 923 N. Mariposa Ave has been sold in a transaction that took place on August 3, 2020. The property was purchased by Adam Surnow for a price of $1,335,000. The seller of the property was Jose Rugamas.
Summary of transation details
- Property Type: Development Site
- Transaction Amount: $1,335,000
- Address: 923 N. Mariposa Ave
The buyer, Adam Surnow, acquired this development site from Jose Rugamas. The transaction was facilitated by Jonathan Sanchez, the broker representing both parties.
On the Map
$1,335,000
$133/SF
Development Site
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.88%
Cash-on-Cash
-3.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93