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710 El Centro Avenue

Harrison Hurst & Rich Rosin Acquire Los Angeles Multifamily For $46.5M
SOLDMultiFamily

Harrison Hurst & Rich Rosin Acquire Los Angeles Multifamily For $46.5M

710 El Centro Avenue

$46,500,000

$558/SF

Building Size

83,200 SF

Asset Type

MultiFamily

Closing

Jan 19, 2023

AI

The multifamily property located at 710 El Centro Avenue in Los Angeles has been sold. The property, consisting of 84 units, was purchased by Harrison Hurst & Rich Rosin from California Landmark for a total sale price of $46,500,000. The transaction was facilitated by CBRE brokers Dean Zander and Stewart (Stew) Weston.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $46,500,000
  • Address: 710 El Centro Avenue
  • Market: Los Angeles

Harrison Hurst & Rich Rosin acquired the property at 710 El Centro Avenue in Los Angeles from California Landmark for $46,500,000. The sale was brokered by CBRE's Dean Zander and Stewart (Stew) Weston, who represented both the buyer and the seller in the transaction.

Players

Dean Zander

Newmark

Broker

$2.1B

vol

34 deals

Broker

Los Angeles MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.34%

Cash-on-Cash

-0.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93