Updated Aug 26, 2026
Michael Maltzman Purchases Multifamily Property From Thomas Yu & May Ling Yu For $4.75M
1211 Horn Avenue
$4,750,000
$241/SF
Building Size
19,680 SF
Asset Type
MultiFamily
Closing
Aug 21, 2026
About this deal
AI
The property involved in the transaction is located at 1211 Horn Avenue in the West Hollywood market. It is classified as a multifamily asset consisting of 16 units, with a total square footage of 19,680. The sale price for this property was $4,750,000, equating to a price per unit of $296,875 and a price per square foot of $241.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,750,000
- Units: 16
- Price Per Unit: $296,875
- Square Footage: 19,680
- Price Per Square Foot: $241
- Buyer: Michael Maltzman
- Seller: Thomas Yu & May Ling Yu
- Brokers: Tony Azzi, Arteen Zahiri, Ian Habbestad & Rabbie Banafsheha - Marcus & Millichap
The key individuals in this transaction include the buyer, Michael Maltzman, and the sellers, Thomas Yu and May Ling Yu. The transaction was facilitated by brokers Tony Azzi, Arteen Zahiri, Ian Habbestad, and Rabbie Banafsheha, all representing Marcus & Millichap in this deal.
Players
West Hollywood 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
3.34%
Cash-on-Cash
-0.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93