Schon Tepler Group Sells 26-Unit Multifamily In Hollywood For $13M

The multifamily property located at 552 N. Hobart Blvd. in Hollywood has been sold for a price of $13,000,000. The transaction was completed on 01/03/2022. The property consists of 26 units, with an average price per unit of $500,000. The total square footage of the property is 27,153, resulting in a price per square foot of $478.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $13,000,000
• Units: 26
• Price per Unit: $500,000
• Square Footage: 27,153
• Price per Square Foot: $478
• Address: 552 N. Hobart Blvd.
• Market: Hollywood

The Schon Tepler Group, represented by Artem Tepler and Paul Schon, acted as the sellers in this transaction. The buyer's representation was provided by Tony Azzi and Jennifer Sotelo from Marcus & Millichap.