Updated Sep 11, 2026
Michael Cohanzad Acquires Multifamily Property At 111 S Croft Ave In Los Angeles For $7.15M
111 S Croft Ave
$7,150,000
$517/SF
Building Size
13,818 SF
Asset Type
MultiFamily
Closing
Sep 9, 2022
About this deal
AI
The property involved in this transaction is a multifamily asset located at 111 S Croft Ave in the Los Angeles market. The sale price for this property was $7,150,000, and it encompasses a total square footage of 13,818, resulting in a price per square foot of $517.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $7,150,000
- Address: 111 S Croft Ave
- Market: Los Angeles
- Square Footage: 13,818
- Price Per Square Foot: $517
- Buyer: Michael Cohanzad
- Seller: Maribeth Levine
- Broker: Jonathan Taksa - Taksa Investment Group
In this transaction, Michael Cohanzad acquired the multifamily asset from seller Maribeth Levine, with the deal facilitated by broker Jonathan Taksa of Taksa Investment Group, representing the buyer in the transaction.
On the Map
$7,150,000
$517/SF
MultiFamily
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Players
Los Angeles 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
2.22%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93