Schon Tepler Group Sells 26-Unit Multifamily In Hollywood For $13M
SOLD
$13,000,000
California
See Similar DealsMultiFamily27,153 SF
Sold 01/03/2022
SOLD
Schon Tepler Group Sells 26-Unit Multifamily In Hollywood For $13M
552 North Hobart Boulevard, Los Angeles, California 90004, United States
See Similar DealsMultiFamily27,153 SF
Sold 01/03/2022
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$478
Total Square Footage:27,153 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$693,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$46,186.27
Cash-on-Cash Return-1.27%
Monthly Debt Service$61,626.63
Annual Debt Service$739,519.59
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