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
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.
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
11.88%
Cash-on-Cash
-3.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93