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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
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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
Daniel Hirth
Managing Director
Alex Reyhan
Vice President Investments
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