Michael Maltzman Buys Multifamily Property At 1939 North Kenmore Avenue For $5.28M With Jeff Louks & Elliot Sabag As Buyer's Reps
1939 North Kenmore Avenue
$5,280,000
$288/SF
Building Size
18,317 SF
Asset Type
MultiFamily
Closing
Jul 15, 2026
AI
The property asset involved in the transaction is a multifamily asset located at 1939 North Kenmore Avenue in the Los Angeles market. It consists of 18 units, with a sale price of $5,280,000, resulting in a price per unit of $293,333. The total square footage of the property is 18,317, leading to a price per square foot of $288.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,280,000
- Units: 18
- Price per Unit: $293,333
- Total Square Footage: 18,317
- Price per Square Foot: $288
- Buyer: Michael Maltzman
- Seller: Linda Duttenhaver
- Buyer's Representative: Jeff Louks & Elliot Sabag - Marcus & Millichap
This transaction involved Michael Maltzman as the buyer and Linda Duttenhaver as the seller. The buyer was represented by Jeff Louks and Elliot Sabag from Marcus & Millichap, who facilitated the deal within the Los Angeles market.
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
3.00%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93