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Sean McCoy Purchases Multifamily Asset In Los Angeles From Scott Adams For $2,250,000

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SOLD
$2,250,000
Scott Adams
Taylor Avakian

California

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MultiFamily11,428 SF
Sold 04/09/2026
the dealplayerscompscontact
Property Image
SOLD

Sean McCoy Purchases Multifamily Asset In Los Angeles From Scott Adams For $2,250,000

1101 West 45th Street

See Similar Deals
MultiFamily11,428 SF
Sold 04/09/2026
Scott Adams
Taylor Avakian
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$196
Total Square Footage:11,428 SF
Transaction Type:Sale

1101 West 45th Street is a multifamily asset located in Los Angeles, CA, comprising 20 studio units. The building, constructed in 1925, has a total square footage of 11,428. The property sold for $2,250,000, equating to a price per unit of $112,500 and a price per square foot of $196. It operates under rent control, with two vacancies and multiple units renting below market standards.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,250,000
  • Units: 20
  • Price Per Unit: $112,500
  • Square Footage: 11,428
  • Price Per Square Foot: $196
  • Buyer: Sean McCoy
  • Seller: Scott Adams
  • Broker: Taylor Avakian - Lyon Stahl Investment Real Estate

Taylor Avakian represented both the buyer and seller in this transaction, managing the process through escrow while addressing the different concerns of each party involved. His approach involved extensive networking to match the right buyer with the unique characteristics of the property, demonstrating a commitment to transparency throughout the transaction.

Players

Taylor Avakian
Lyon Stahl Investment Real Estate
Taylor Avakian
53 deals$221.3M volume(916) 996-4421
BROKER
Scott Adams
Scott Adams
2 deals$9.6M volume
SELLER

Details

SOLD
IMAGE: Taylor Avakian DATE: 04/09/2026 ADDRESS: 1101 West 45th Street MARKET: Los Angeles ASSET TYPE: Multifamily BUYER: Sean McCoy SELLER: Scott Adams BROKER: Taylor Avakian (@Taylor_Avakian) (@TheGroupCRE) - Lyon Stahl Investment Real Estate (@LyonStahl) SALE PRICE: $2,250,000 UNITS: 20 ~ PPU: $112,500 SF: 11,428 ~ PPSF: $196 NOTE FROM BROKER: 1101 W 45th St | Los Angeles, CA 90037 20 Units | $2,250,000 | $112,500/Unit 20-unit all-studio building in South LA. Rent controlled. Built in 1925. Two vacancies. Multiple units renting significantly below market, with some as low as $1,000/month against $1,650 market comps. That's a profile that requires the right buyer. Someone who understands rent-controlled value-add and isn't spooked by a rent roll with a wide spread between in-place and market rents. I spent weeks making calls and working through my network to find that buyer. No shortcut on that part. Just consistent outreach until the right match surfaced. From there, I managed the transaction from both sides through escrow. Different clients, different concerns, and my responsibility was to keep everything transparent and moving. Closed at $2.25M. $112,500 per door in a submarket where similar vintage, similar density product trades between $100K and $150K per unit. I don't take dual representation lightly. Both sides trusted me to be fair and thorough, and I'm thankful for that. The work that goes into these deals rarely fits in a social media post. But I wanted to share this one because it's a good example of what this job actually looks like when you strip away the marketing. It's phone calls, follow-ups, and problem solving. If you own apartments in LA and ever want to have a conversation about your building, I'm always happy to talk. Taylor Avakian - [email protected]

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