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
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