Updated Aug 31, 2026
Paul Schon Acquires Multifamily Asset In East Hollywood For $4.75M With Broker Paul Darrow
1223 Edgemont Street
$4,750,000
$323/SF
Building Size
14,680 SF
Asset Type
MultiFamily
Closing
Aug 19, 2026
About this deal
AI
The property asset involved in this transaction is located at 1223 North Edgemont Street, East Hollywood, Los Angeles. This multifamily asset comprises 14 units, covering a total area of 14,680 square feet. The sale price for the property was $4,750,000, resulting in a price per unit of $339,286 and a price per square foot of $324.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,750,000
- Units: 14
- Square Footage: 14,680
- Price Per Unit: $339,286
- Price Per Square Foot: $324
- Buyer: Paul Schon
- Broker: Paul Darrow - Walker & Dunlop
Paul Schon is the buyer in this transaction, while Paul Darrow represented the buyer through Walker & Dunlop. The transaction highlights the engagement of professionals in the multifamily market within East Hollywood.
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
3.34%
Cash-on-Cash
-0.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93