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Schon Tepler Group Acquires Hollywood Hills Multifamily For $8.5M

Property Image
SOLD
$8,500,000
Luc Whitlock
Kyle Mirrafati

California

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MultiFamily19,712 SF
Sold 11/16/2021
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Property Image
SOLD

Schon Tepler Group Acquires Hollywood Hills Multifamily For $8.5M

2033 N Beachwood Dr, Central LA, Los Angeles, CA, USA

See Similar Deals
MultiFamily19,712 SF
Sold 11/16/2021
Luc Whitlock
Kyle Mirrafati
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$431
Total Square Footage:19,712 SF
Transaction Type:Sale

The multifamily property located at 2033 N. Beachwood Dr. in Hollywood Hills has been sold for $8,500,000. This property consists of 26 units, with an average price per unit of $326,923. The total square footage of the property is 19,712, resulting in a price per square foot of $431. The sale took place on November 16, 2021.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $8,500,000
  • Units: 26
  • Price per Unit: $326,923
  • Square Footage: 19,712
  • Price per Square Foot: $431
  • Address: 2033 N. Beachwood Dr.
  • Market: Hollywood Hills

The buyer of the property is the Schon Tepler Group, represented by Paul Schon, Artem Tepler, Kerolos Zaki, and STLiving. The seller is the Gallop Trust. The brokers involved in the transaction are Kyle Mirrafati and Luc Whitlock.

Players

Kyle Mirrafati
Matthews
Kyle Mirrafati
4 deals$15.1M volume
BROKER
Luc Whitlock
JLL
Luc Whitlock
3 deals$49.4M volume(310) 595-3642
BROKER

Details

SOLD
IMAGE: Paul Schon, Artem Tepler & Kerolos Zaki DATE: 11/16/2021 ADDRESS: 2033 N. Beachwood Dr. MARKET: Hollywood Hills ASSET TYPE: Multifamily BUYER: Schon Tepler Group - Paul Schon (@PaulSchon1), Artem Tepler (@ArtemTepler) & Kerolos Zaki (@MinaZaki11), & STLiving (@STLivingLA) SELLER: Gallop Trust BROKERS: Kyle Mirrafati & Luc Whitlock (@LucWhitlock) SALE PRICE: $8,500,000 UNITS: 26 ~ PPU: $326,923 SF: 19,712 ~ PPSF: $431

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Debt Service Coverage Ratio (DSCR)

0.94x

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