Updated Oct 29, 2024
Schon Tepler Group Sells Hollywood Multifamily For $6.5M
1223 N Edgemont St, Central LA, Los Angeles, CA, USA
$6,500,000
$557/SF
Building Size
11,660 SF
Asset Type
MultiFamily
Closing
Jan 28, 2021
About this deal
AI
Located in Hollywood, the multifamily property at 1223 N. Edgemont St. was recently sold for a price of $6,500,000. The transaction took place on January 29, 2021. The property consists of 13 units, with a price per unit (PPU) of $500,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $6,500,000
- Address: 1223 N. Edgemont St.
- Market: Hollywood
The seller of the property was the Schon Tepler Group, represented by @STLivingLA. The transaction was captured in captivating images shared on @PaulSchon1 and @ArtemTepler's Instagram accounts.
Players
Los Angeles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Browse California multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93