Updated Oct 8, 2026
Dr. Richard Jacobson Sells Multifamily Asset In Los Angeles For $4.7M With Broker Jake Plewa
1627 North Poinsettia Place
$4,700,000
$317/SF
Building Size
14,817 SF
Asset Type
MultiFamily
Closing
Sep 23, 2026
About this deal
AI
The property involved in this transaction is a multifamily asset located at 1627 North Poinsettia Place in the Los Angeles market. The sale price for the property was $4,700,000, with a total square footage of 14,817, resulting in a price per square foot of $317.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,700,000
- Address: 1627 North Poinsettia Place
- Market: Los Angeles
- Seller: Dr. Richard Jacobson
- Broker: Jake Plewa - Re/Max
- Square Footage: 14,817
- Price Per Square Foot: $317
Jake Plewa represented the seller, Dr. Richard Jacobson, in this transaction. According to the broker, the property is described as a well-located mid-century Hollywood product with parking and in-place upside, confirming the continued demand for such assets when accurately priced according to the market.
On the Map
$4,700,000
$317/SF
MultiFamily
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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
3.38%
Cash-on-Cash
-0.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93