Updated Sep 29, 2026
SOLDMultiFamily
Alan Huerta Joe Hernandez Erik Lim Austin Chafetz Acquire Multifamily Asset In Los Angeles For $1.225M
$1,225,000
$241/SF
Building Size
5,084 SF
Asset Type
MultiFamily
Closing
Sep 18, 2026
About this deal
AI
The asset involved in this transaction is a multifamily property located in the Los Angeles market. The sale price was set at $1,225,000, comprising 6 units and offering a total square footage of 5,084. The price per unit stands at $204,166, while the price per square foot is calculated at $240.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,225,000
- Units: 6
- Price Per Unit: $204,166
- Square Footage: 5,084
- Price Per Square Foot: $240
- Buyer: Alan Huerta, Joe Hernandez, Erik Lim, Austin Chafetz
- Seller: Maria Pimentel
- Buyer's Representative: Giovanna Cervantes - Century 21
The buyers involved in this transaction include Alan Huerta, Joe Hernandez, Erik Lim, and Austin Chafetz, with Giovanna Cervantes from Century 21 representing them in the deal. The transaction was finalized on September 18, 2026, indicating a collaborative effort in navigating the Los Angeles multifamily market.
Players
Market 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
12.95%
Cash-on-Cash
-3.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93