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6209 S Hoover St

6209 S Hoover St LLC Acquires Multifamily Asset From Sola Impact Fund II LP For $1.3M
SOLDMultiFamily

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

Brandon Evans

Lyon Stahl Investment Real Estate

Broker

$57.1M

vol

18 deals

Broker
6L
6209 S Hoover St LLCBuyer
SL
Sola Impact Fund II, LPSeller

Los Angeles MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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