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
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