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520 South Hobart Boulevard

Andrew Eggert Acquires Multifamily Property From William Baker For $3.15M In Los Angeles
SOLDMultiFamily

Andrew Eggert Acquires Multifamily Property From William Baker For $3.15M In Los Angeles

520 South Hobart Boulevard

$3,152,500

$153/SF

Building Size

20,520 SF

Asset Type

MultiFamily

Closing

Dec 20, 2024

AI

The multifamily asset located at 520 South Hobart Boulevard in Los Angeles has been sold for $3,152,500. The property comprises 29 units, with a price per unit of $108,706. It offers a total square footage of 20,520, reflecting a price per square foot of $153.

Summary of transation details:

This transaction highlights the roles of key individuals: Andrew Eggert as the buyer and William Baker as the seller, emphasizing the expertise of brokers Jakob Friedman and Kyler Walterson in facilitating the deal for NAI Global.

Players

Jakob Friedman

NAI Global

Broker

$45.5M

vol

10 deals

Broker

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

5.03%

Cash-on-Cash

-1.44%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93