Updated May 20, 2025
Clay Anderson And Spencer Hayes Lease Multifamily Property At 1070 South Bedford Street In Los Angeles
1070 South Bedford Street
$4,000
$4,000/SF
Building Size
1,020 SF
Asset Type
MultiFamily
Closing
Jul 1, 2023
About this deal
AI
The asset involved in this transaction is a MultiFamily property located at 1070 South Bedford Street in Los Angeles, covering an area of 1,020 square feet with a rent amount of $4,000.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $4,000
- Address: 1070 South Bedford Street
- Market: Los Angeles
- Square Feet: 1,020.0
- Tenant: Clay Anderson and Spencer Hayes
- Landlord: Adam Norris
- Brokers: Fred Nabati (Trimax Realty & Loan)
This transaction was facilitated by Fred Nabati representing the landlord, Adam Norris, highlighting the roles of the key entities involved in securing the lease agreement.
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