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2809 West 8th Street

Zvika Lipman Sells Multifamily Property At 2809 West 8th Street For $2,205,000
SOLDMultiFamily

Zvika Lipman Sells Multifamily Property At 2809 West 8th Street For $2,205,000

2809 West 8th Street

$2,205,000

$165/SF

Building Size

13,290 SF

Asset Type

MultiFamily

Closing

May 7, 2026

AI

This multifamily asset located at 2809 West 8th Street in the Los Angeles market has a sale price of $2,205,000. The property consists of 24 units with a total square footage of 13,290, resulting in a price per unit of $91,875 and a price per square foot of $165.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,205,000
  • Units: 24
  • Square Footage: 13,290
  • Price per Unit: $91,875
  • Price per Square Foot: $165
  • Seller: Zvika Lipman
  • Brokers: Chase Simonton & John Sarna - Re/Max
  • Date of Sale: 05/07/2026

Chase Simonton and John Sarna represented the seller, Zvika Lipman, in this transaction, facilitating the sale of the property within the competitive Los Angeles market.

Players

Chase Simonton

Re/Max

Broker

$142.5M

vol

45 deals

Broker

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

7.19%

Cash-on-Cash

-2.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93