Michael Maltzman Purchases Multifamily Property At 1276 North Sweetzer Avenue For $1.925M
1276 North Sweetzer Avenue
$1,925,000
$313/SF
Building Size
6,133 SF
Asset Type
MultiFamily
Closing
Dec 10, 2025
AI
The property asset involved in this transaction is a multifamily building located at 1276 North Sweetzer Avenue in the West Hollywood market. The sale price was $1,925,000 for a total of 5 units, translating to a price per unit of $385,000. The total square footage of the property is 6,133, resulting in a price per square foot of $313.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,925,000
- Units: 5
- Price Per Unit: $385,000
- Square Footage: 6,133
- Price Per Square Foot: $313
- Buyer: Michael Maltzman
- Seller: Myer Berman
- Seller's Representative: Jordan Asheghian - Lyon Stahl Investment Real Estate
- Date of Transaction: 12/10/2025
This deal included 11 property tours and generated 5 offers, with a non-contingent offer received on the first day. The closing proceeded with a 35-day escrow period. Notably, this marks The Jordan Group's 61st closing in the West Hollywood and adjacent areas.
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
8.24%
Cash-on-Cash
-2.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93