Updated Oct 28, 2024
Schon Tepler Group Sells 26-Unit Multifamily In Hollywood For $13M
552 North Hobart Boulevard, Los Angeles, California 90004, United States
$13,000,000
$478/SF
Building Size
27,153 SF
Asset Type
MultiFamily
Closing
Jan 3, 2022
About this deal
AI
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.
On the Map
$13,000,000
$478/SF
MultiFamily
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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
1.22%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93