Updated Oct 29, 2024
East Smart Choice Acquires Property From Hoover Commonwealth With Buyer's Rep David Acosta For $8M
563 N Hoover St, Los Angeles, CA, 90...
$8,000,000
Building Size
—
Asset Type
—
Closing
Jun 21, 2020
About this deal
AI
The property involved in this transaction is located at 563 N Hoover St, Los Angeles, CA. The transaction was completed for a total price of $8,000,000.00, with a square footage of 0. The market for this property is Los Angeles.
Summary of transaction details:
- Property Type: SALE
- Transaction Amount: $8,000,000.00
- Buyer: East Smart Choice
- Seller: Hoover Commonwealth
- Buyer's Representative: David Acosta-EXP Realty California Inc
This deal was facilitated by David Acosta, who represented the buyer, East Smart Choice, through his affiliation with EXP Realty California Inc. The seller, Hoover Commonwealth, participated in the transaction as the property vendor.
Players
Los Angeles CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93