Updated Sep 11, 2026
Robert H. Blumenfield Acquires 50-Unit Multifamily Property In Los Angeles For $31M
12221 West San Vicente Boulevard
$31,000,000
$480/SF
Building Size
64,578 SF
Asset Type
MultiFamily
Closing
Mar 15, 2023
About this deal
AI
The multifamily property located at 12221 West San Vicente Boulevard in Los Angeles has been sold in a closed transaction. The property consists of 50 units with a total square footage of 64,578. The sale price for this transaction was $31,000,000, resulting in a price per unit of $620,000 and a price per square foot of $480.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $31,000,000
- Units: 50
- Price per Unit: $620,000
- Square Footage: 64,578
- Price per Square Foot: $480
- Address: 12221 West San Vicente Boulevard, Los Angeles
The buyer in this transaction is Robert H. Blumenfield, while the sellers are Joseph Smurda and Stephen Smurda. The deal was brokered by Jonathan (Jon) Taksa from Taksa Investment Group.
On the Map
$31,000,000
$480/SF
MultiFamily
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Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.51%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93