Updated Oct 13, 2026
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:
- Property Type: Multifamily
- Transaction Amount: $4,965,000
- Units: 10
- Square Footage: 14,298
- Price per Unit: $496,500
- Price per Square Foot: $347
- Buyer: Alex Reichter
- Seller: Tom Myers
- Brokers: Jake Glaser - Lyon Stahl Investment Real Estate; Jonathan Taksa - Taksa Investment Group; Kelly Brennan - Serhant
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
$4,965,000
$347/SF
MultiFamily
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Players
Los Angeles 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
3.19%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93