Updated Oct 29, 2024
Anix Haller Acquires Hotel Property In Hollywood For $4.65M
1624 Schrader Blvd, Los Angeles, CA 90028, USA
$4,650,000
$36/SF
Building Size
128,550 SF
Asset Type
Other
Closing
Jun 11, 2020
About this deal
AI
The Hotel located at 1624 Schrader Boulevard in Hollywood has been sold for a price of $4,650,000. This property spans 12,855 square feet, with each square foot valued at $361.73. The hotel consists of 28 units, and the price per unit stands at $166,071.
Summary of transation details
- Property Type: Hotel
- Transaction Amount: $4,650,000
- Property Size: 12,855 square feet
- Price per Square Foot: $361.73
- Number of Units: 28
- Price per Unit: $166,071
The buyer of this hotel is Anix Haller, and the seller is Dr Hostels. The deal was finalized with the assistance of Alex Reyhan and Daniel Hirth from The Hirth Group.
Players
Los Angeles Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.41%
Cash-on-Cash
-0.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93