6209 S Hoover St LLC Acquires Multifamily Asset From Sola Impact Fund II LP For $1.3M
6209 S Hoover St
$1,300,000
$348/SF
Building Size
3,736 SF
Asset Type
MultiFamily
Closing
Nov 18, 2024
AI
The transaction involves a multi-family property located at 6209 S Hoover St, Los Angeles. The property spans a total square footage of 3,736 and was sold for a price of $1,300,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $1,300,000.00
- Address: 6209 S Hoover St
- Market: Los Angeles
- Square Footage: 3,736.0
- Buyer: 6209 S Hoover St LLC
- Seller: Sola Impact Fund II, LP
- Broker: Brandon Evans - Lyon Stahl Investment Real Estate
The deal was facilitated by Brandon Evans, who represented Lyon Stahl Investment Real Estate in the transaction, marking a significant exchange between 6209 S Hoover St LLC and Sola Impact Fund II, LP.
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
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93