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:
- Property Type: Multifamily
- Transaction Amount: $3,152,500
- Buyer: Andrew Eggert
- Seller: William Baker
- Brokers: Jakob Friedman & Kyler Walterson - NAI Global
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
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