Updated Dec 4, 2024
Clinton Eul Acquires Multifamily Property On Hoover Street, Los Angeles For $3,075,000
5840 South Hoover Street & 5848 South Hoover Street
$3,075,000
$228/SF
Building Size
6,722 SF
Asset Type
MultiFamily
Closing
Aug 10, 2023
About this deal
AI
A multifamily property located at 5840-5848 Hoover Street in Los Angeles has been sold in a recent transaction. The property consists of 9 units with a total of 6,722 square feet. The sale price for this property was $3,075,000, with a price per unit of $341,667. The price per square foot was $457.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,075,000
- Address: 5840-5848 Hoover Street
- Market: Los Angeles
- Units: 9
- Square Feet: 6,722
The buyer in this transaction is Clinton Eul, while the seller is Fred Tabaroki. The deal was facilitated by Han Widjaja Chen from Growth Investment Group.
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
5.16%
Cash-on-Cash
-1.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93