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1118 South Oakhurst Drive

John McAllister Purchases Multifamily Property In Los Angeles For $1.9M With Jake Glaser And Mark Ventre As Brokers
SOLDMultiFamily

John McAllister Purchases Multifamily Property In Los Angeles For $1.9M With Jake Glaser And Mark Ventre As Brokers

1118 South Oakhurst Drive

$1,900,000

$383/SF

Building Size

4,952 SF

Asset Type

MultiFamily

Closing

Mar 18, 2026

AI

The asset involved in the transaction is a multifamily property located at 1118 South Oakhurst Drive in Los Angeles. It encompasses 4 units, with a total square footage of 4,952. The transaction was executed at a sale price of $1,900,000, resulting in a price per unit of $475,000 and a price per square foot of $383.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,900,000
  • Units: 4
  • Square Footage: 4,952
  • Price per Unit: $475,000
  • Price per Square Foot: $383
  • Buyer: John McAllister
  • Seller: Simone Steinberg
  • Buyer's Representative: Jake Glaser - Lyon Stahl Investment Real Estate
  • Seller's Representative: Mark Ventre - Lyon Stahl Investment Real Estate
  • Date of Sale: 03/19/2026
  • Market: Los Angeles

This transaction was facilitated as an off-market deal, highlighting the involvement of both Jake Glaser and Mark Ventre from Lyon Stahl Investment Real Estate, representing the buyer and seller, respectively. For further insights into the deal, interested parties can refer to @theglasergroup.

Players

Jake Glaser

Lyon Stahl Investment Real Estate

Broker

$158.2M

vol

68 deals

Broker

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

8.35%

Cash-on-Cash

-2.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93