1624 SCHRADER BOULEVARD
LOS ANGELES, CA 90028
just sold!

With The Hirth Group’s extensive presence and knowledge of the Hollywood submarket, Alex Reyhan & Daniel hirth were exclusively selected to represent the seller in the disposition of 1624 Schrader Boulevard. The team started a strategic marketing campaign amidst the peak of the Covid-19 pandemic. Nonetheless, we were able to procure nearly a dozen offers within just two weeks of marketing and the hostel/motel being at 0% occupancy due to the pandemic.  Ultimately, the buyer went non contingent day one, passed through $1,500,000 day one to the seller, and closed the deal $150,000 above our listing price.

SALE PRICE: $4,650,000

 

PRIME HOLLYWOOD SUBMARKET | 12,855 SF BUILDING | 9,565 SF LOT 

THE TEAM

HIGHLIGHTS

Covid-19 Closing | Multiple Offers
Non Contingent Day 1 | $1.5 Million Passed through to Seller at Open of Escrow
Generated Multiple Offers within a Few Days of Marketing
Closed $150,000 above List Price
All Cash Offer | 1031 Exchange Buyer
Two-Story Hostel / Hotel with 28 Rooms
12,855 SF Building & 9,565 SF Lot
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Daniel Hirth

Managing Director

310.300.2838 Direct

818.201.5268 Mobile

Daniel@HirthGroup.com

License CA: 01515796

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Alex Reyhan

Vice President Investments

310-300-3181 Direct

310-259-3939 Mobile

Alex@HirthGroup.com

License CA: 02005428

GET IN TOUCH:

NEVER MISS A LISTING:

Tel: 310-300-2838

daniel@hirthgroup.com

2701 Ocean Park Blvd #140

Santa Monica, CA 90405

© 2017 by THE HIRTH GROUP

KW Commercial CAL DRE 01499010