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220 Hoover Street

Updated Sep 5, 2024

Liz Ramirez Acquires Multifamily Property In Los Angeles For $1.675M
SOLDMultiFamily

Liz Ramirez Acquires Multifamily Property In Los Angeles For $1.675M

220 Hoover Street

$1,675,000

$403/SF

Building Size

4,150 SF

Asset Type

MultiFamily

Closing

Aug 19, 2022

About this deal

AI

The multifamily property located at 220 N Hoover St in Los Angeles has been sold in a recent transaction. The property spans a total of 4,150 square feet and was sold for a price of $1,675,000, resulting in a price per square foot of $404.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,675,000
  • Address: 220 N Hoover St
  • Market: Los Angeles

The buyer of the property is Liz Ramirez, while the seller is Ramin Kahenasa. The deal was facilitated by Zac Freehling and Mick Jordan of Pacific Partners LA, who acted as brokers representing the buyer and seller, respectively.

Players

Zac Freehling

Pacific Partners Real Estate Investments

Broker

$240.4M

vol

63 deals

Broker

Los Angeles MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $403 per square foot on a published $1.7M for 4,150 square feet (2022).

Visit Zac Freehling to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

9.47%

Cash-on-Cash

-2.71%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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