Jonah & Noah Etessami Acquire Multifamily Property On Masselin Avenue For $2.826M

1150 Masselin Avenue is a multifamily property located in the Los Angeles market, featuring 10 units. The total square footage is 8,768, resulting in a price per unit of $282,600 and a price per square foot of $322. The property was sold for $2,826,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,826,000
• Units: 10
• Square Footage: 8,768
• Price Per Unit: $282,600
• Price Per Square Foot: $322
• Buyer: Jonah & Noah Etessami
• Seller: Abe Kashefi
• Buyer’s Representative: Babak Siminou - Simco Enterprises
• Seller’s Representative: Jordan Asheghian - Lyon Stahl Investment Real Estate
• Date of Transaction: 10/17/2025
• Market: Los Angeles

This transaction generated five offers and was sold at 98% of the list price. The deal featured a smooth transaction process with a loan assumption through Freddie Mac.