facebook
Traded Co logo
Submit

Larry Platt Acquires Multifamily Property From Jonathan Nipote In Los Angeles For $3.6M

Property Image
SOLD
$3,600,000

California

See Similar Deals
MultiFamily18,000 SF
Sold 07/14/2025
the dealplayerscompscontact
Property Image
SOLD

Larry Platt Acquires Multifamily Property From Jonathan Nipote In Los Angeles For $3.6M

1167 North Western Avenue

See Similar Deals
MultiFamily18,000 SF
Sold 07/14/2025
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$200
Total Square Footage:18,000 SF
Transaction Type:Sale

The property involved in this transaction is a multifamily asset situated at 1167 North Western Avenue in Los Angeles. The sale price was $3,600,000 for a total of 21 units, translating to a price per unit of $171,428. The property encompasses 18,000 square feet, resulting in a price per square foot of $200.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $3,600,000
  • Address: 1167 North Western Avenue
  • Market: Los Angeles
  • Units: 21
  • Price per Unit: $171,428
  • Square Footage: 18,000
  • Price per Square Foot: $200
  • Buyer: Larry Platt
  • Seller: Jonathan Nipote
  • Broker: Sean Nami - Nami Investment Group - Lyon Stahl Investment Real Estate

This transaction marked the first time the property had been on the market in over 40 years, featuring a mix of retail and apartment units. Sean Nami played a significant role by representing both the Buyer and Seller in this deal.

Players

Sean Nami
Marcus & Millichap
Sean Nami
13 deals$133.6M volume(310) 909-2393
BROKER
Lyon Stahl Investment Real Estate
Lyon Stahl Investment Real Estate
BROKERAGE

Details

SOLD
IMAGE: Sean Nami DATE: 07/14/2025 ADDRESS: 1167 North Western Avenue MARKET: Los Angeles ASSET TYPE: Multifamily BUYER: Larry Platt SELLER: Jonathan Nipote BROKER: Sean Nami - Nami Investment Group (@NamiInvestmentGroup) - Lyon Stahl Investment Real Estate (@LyonStahl) SALE PRICE: $3,600,000 UNITS: 21 ~ PPU: $171,428 SF: 18,000 ~ PPSF: $200 NOTE FROM BROKER: This was the first time the property was on the market in over 40 years; which was a mixed-use property with retail and apartment units. Sean Nami represented the Buyer and Seller in the transaction.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$192,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$12,790.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,065.84
Annual Debt Service$204,790.04