SOLD
Hoover LA LLC Acquires Multifamily Property In Silver Lake For $7.9M
563 North Hoover Avenue
MultiFamily
11,143 SF
11,143 SF
Sold 1 year ago
Summary
Sale
CALIFORNIA
MultiFamily
11,143 sqft
The multifamily property located at 563 N. Hoover Avenue in Silver Lake has been sold. The transaction took place on 06/10/2020, with a sale price of $7,865,000. The property spans an area of 11,143 square feet, resulting in a price per square foot of $705.82. It comprises 11 units, with an average price per unit of $715,000. The capitalization rate for this deal stands at 4.52%.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $7,865,000
- Square Footage: 11,143
- Price per Square Foot: $705.82
- Number of Units: 11
- Price per Unit: $715,000
- Capitalization Rate: 4.52%
Kenny Stevens and Max Berger from the Kenny Stevens Team served as the brokers in this sale on behalf of the buyer, Hoover LA LLC, and the seller, Hoover Commonwealth LLC.
Players
All
3
Agents
2
Agencies
1
Details
SOLD
IMAGE: IMAGE: Kenny Stevens & Max Berger
DATE: 06/10/2020
ADDRESS: 563 N. Hoover Avenue
MARKET: Silver Lake
ASSET TYPE: Multifamily
PRICE: $7,865,000
SF: 11,143 PPSF: $705.82.82
UNITS: 11 PPU: $715,000
CAP: 4.52%
BUYER: Hoover LA LLC
SELLER: Hoover Commonwealth LLC
BROKERS: Kenny Stevens & Max Berger @KennyStevensTeamView on map
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Address563 North Hoover Avenue
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