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
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