Updated Nov 11, 2026
Frank A Grea Sells Multifamily Asset At 1844 Thayer Avenue Los Angeles For $4,500,000
1844 Thayer Avenue
$4,500,000
$322/SF
Building Size
13,968 SF
Asset Type
MultiFamily
Closing
Nov 6, 2026
About this deal
AI
The property asset involved in this transaction is a multifamily building located at 1844 Thayer Avenue in the Los Angeles market. The sale price for the asset was $4,500,000, which translates to seven individual units at a price per unit of $642,857. The total square footage of the property is 13,968, resulting in a price per square foot of $322.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,500,000
- Units: 7
- Price Per Unit: $642,857
- Square Footage: 13,968
- Price Per Square Foot: $322
- Seller: Frank A Grea
- Broker: Luc Whitlock - JLL
- Transaction Date: 11/06/2026
The deal was facilitated by Luc Whitlock representing the broker agency JLL, highlighting the professional involvement in this significant transaction. The seller, Frank A Grea, executed the sale to transition ownership of the multifamily asset in the competitive Los Angeles market.
On the Map
$4,500,000
$322/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
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93