6209 S Hoover St LLC Acquires Multifamily Asset From Sola Impact Fund II LP For $1.3M
SOLD
$1,300,000
California
See Similar DealsMultiFamily3,736 SF
Sold 11/18/2024
SOLD
6209 S Hoover St LLC Acquires Multifamily Asset From Sola Impact Fund II LP For $1.3M
6209 S Hoover St
See Similar DealsMultiFamily3,736 SF
Sold 11/18/2024
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$348
Total Square Footage:3,736 SF
Lot Square Footage:6600 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$69,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,618.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,162.66
Annual Debt Service$73,951.96
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