Updated Oct 13, 2026
Michael Shanfeld's The Shanfeld Group Acquires Multifamily Property On N. Sycamore Ave For $2.8M
345 N Sycamore Ave, Los Angeles, CA, USA
$2,800,000
$373/SF
Building Size
7,502 SF
Asset Type
MultiFamily
Closing
Oct 3, 2019
About this deal
AI
Located in the Beverly Grove neighborhood, a multifamily property at 345 N. Sycamore Ave was recently sold for a total price of $2,800,000. The sale took place on 10/04/2019 and was an all-cash deal. The property spans across 7,502 square feet and has 9 units, resulting in a price per square foot of $373.23. The buyer in this transaction was Michael Shanfeld, representing The Shanfeld Group, while the seller was Norman Michaelson.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,800,000
- Address: 345 N. Sycamore Ave
- Market: Beverly Grove
Michael Shanfeld, from The Shanfeld Group, acted as the buyer representing his group in this transaction. On the other hand, Norman Michaelson was the seller involved in the deal.
On the Map
$2,800,000
$373/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
5.67%
Cash-on-Cash
-1.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93