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1011 Carol Drive

Michael Maltzman Purchases Multifamily Asset From Frederick Latsko For $4.6 Million In West Hollywood
SOLDMultiFamily

Michael Maltzman Purchases Multifamily Asset From Frederick Latsko For $4.6 Million In West Hollywood

1011 Carol Drive

$4,600,000

$480/SF

Building Size

9,578 SF

Asset Type

MultiFamily

Closing

Sep 25, 2025

AI

The property asset involved in this transaction is a multifamily residential building located at 1011 Carol Drive in the West Hollywood market. The sale price for this asset was $4,600,000, which translates to a price per unit of $657,142 for its 7 units. The total square footage of the property is 9,578, resulting in a price per square foot of $480.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $4,600,000
  • Units: 7
  • Square Footage: 9,578
  • Price Per Unit: $657,142
  • Price Per Square Foot: $480
  • Buyer: Michael Maltzman
  • Seller: Frederick Latsko

The individuals involved in this transaction are Michael Maltzman, who acted as the buyer, and Frederick Latsko, the seller of the property. The sale occurred on September 25, 2025.

Players

Michael Maltzman

Buyer

$44.6M

vol

9 deals

Buyer

West Hollywood MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.45%

Cash-on-Cash

-0.99%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93