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
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