James Sturn Acquires Condo In Hawthorne For $1.3M With Trimax Realty Inc. Brokers
5449 Strand, #101 MARKET: Hawthorne ASSET TYPE: Condo BUYER: James Sturn SELLER: Daniel Ahern BROKERS: Fred Nabati & Michael Davoodpour - Trimax Realty Inc SALE PRICE: $1,300,000 SF: 2,040 ~ PPSF: $637 NOTE FROM BROKER: SOLD OFF MARKET! ~ Client was moving out of state and had a very specific criteria to purchase in order to meet their needs. Nothing was available on the market so TRIMAX used its network to find exactly what the client needed OFF-
$1,300,000
Building Size
—
Asset Type
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Closing
Sep 15, 2022
About this deal
AI
A condo located at 5449 Strand, Hawthorne was involved in the transaction. The property has a sale price of $1,300,000 and spans 2,040 square feet, which equates to a price per square foot of $637.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $1,300,000
- Square Footage: 2,040
- Price per Square Foot: $637
- Buyer: James Sturn
- Seller: Daniel Ahern
- Brokers: Fred Nabati & Michael Davoodpour - Trimax Realty Inc
- Date of Transaction: 08/17/2022
This transaction was handled off-market, as the client was relocating out of state with specific purchase criteria. The brokers utilized their network to fulfill the client's needs, finding the suitable condo without it being listed on the market.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93