Updated Sep 5, 2024
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.
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
9.47%
Cash-on-Cash
-2.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93