Adam Norris Leases 1020 Square Feet MultiFamily Unit To Tenants Mandy Keller And Jasmine Brooks
1070 S Bedford #303
$4,000
$4,000/SF
Building Size
1,020 SF
Asset Type
MultiFamily
Closing
Jan 18, 2024
AI
The property asset involved in this transaction is a MultiFamily unit located at 1070 S Bedford, Los Angeles. The total square footage of the unit is 1,020 square feet, with a tenant agreeing to a rent amount of $4,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $4,000.00
- Square Feet: 1,020.0
- Tenant: Mandy Keller and Jasmine Brooks
- Landlord: Adam Norris
The transaction features Mandy Keller and Jasmine Brooks as the tenants who have leased the property from landlord Adam Norris, facilitating the agreement at the specified rental rate.
Players
Los Angeles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3965.75%
Cash-on-Cash
-1133.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93