Updated Oct 13, 2026
Peter Lenkov Purchases Multifamily Property At 1717-1725 Park Avenue For $7.35M
1717-1725 Park Ave
$7,350,000
$541/SF
Building Size
13,584 SF
Asset Type
MultiFamily
Closing
Oct 1, 2026
About this deal
AI
The property asset involved in this transaction is a multifamily building located at 1717-1725 Park Avenue in the Echo Park market. The sale price for this asset was $7,350,000, consisting of 36 units, with a price per unit of $204,166. The total square footage of the property is 13,584, which corresponds to a price per square foot of $541.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $7,350,000
- Units: 36
- Price Per Unit: $204,166
- Square Footage: 13,584
- Price Per Square Foot: $541
- Buyer: Peter Lenkov
- Seller: Amanda Garcia
- Buyer's Representative: Chase Simonton & John Sarna - RE/MAX One Commercial
- Seller's Representative: Sean Rosenzweig - Marcus & Millichap
Key individuals involved in this transaction include the buyer, Peter Lenkov, and the seller, Amanda Garcia. The buyer was represented by Chase Simonton and John Sarna of RE/MAX One Commercial, while the seller was represented by Sean Rosenzweig of Marcus & Millichap.
On the Map
$7,350,000
$541/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
2.16%
Cash-on-Cash
-0.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93