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1524 Granville Avenue

Updated Oct 13, 2026

Alex Reichter Acquires Multifamily Asset At 1524 Granville Avenue For $4,965,000 From Tom Myers
SOLDMultiFamily

Alex Reichter Acquires Multifamily Asset At 1524 Granville Avenue For $4,965,000 From Tom Myers

1524 Granville Avenue

$4,965,000

$347/SF

Building Size

14,298 SF

Asset Type

MultiFamily

Closing

Oct 9, 2026

About this deal

AI

The property asset involved in this transaction is a multifamily building located at 1524 Granville Avenue in Los Angeles. The asset comprises 10 units and has a total square footage of 14,298. The sale price for this property was $4,965,000, resulting in a price per unit of $496,500 and a price per square foot of $347.

Summary of transaction details:

This transaction involved key individuals, including Alex Reichter as the buyer and Tom Myers as the seller. The brokers facilitating the deal are Jake Glaser from Lyon Stahl Investment Real Estate, Jonathan Taksa from Taksa Investment Group, and Kelly Brennan from Serhant.

On the Map

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$4,965,000

$347/SF

MultiFamily

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Players

Jonathan Taksa

Taksa Investment Group

Broker

$597.2M

vol

62 deals

Broker
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Los Angeles MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $347 per square foot on a published $5M for 14,298 square feet (2026).

Visit Jake Glaser to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.19%

Cash-on-Cash

-0.91%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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