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Moses Salem Purchases Multifamily Property At 346 North Spaulding Avenue From Talia Solomon For $1.702M

Property Image
SOLD
$1,702,000

California

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MultiFamily5,662 SF
Sold 12/16/2025
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Property Image
SOLD

Moses Salem Purchases Multifamily Property At 346 North Spaulding Avenue From Talia Solomon For $1.702M

346 North Spaulding Avenue

See Similar Deals
MultiFamily5,662 SF
Sold 12/16/2025
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$300
Total Square Footage:5,662 SF
Transaction Type:Sale

The asset involved in this transaction is a multifamily property located at 346 North Spaulding Avenue in Los Angeles. It was sold for a price of $1,702,000, which reflects a price per unit of $425,500. The property has a total square footage of 5,662, resulting in a price per square foot of $300.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $1,702,000
  • Units: 4
  • Price Per Unit: $425,500
  • Square Feet: 5,662
  • Price Per Square Foot: $300
  • Buyer: Moses Salem
  • Seller: Talia Solomon
  • Broker: Michael Kamara - The Kamara Multifamily Group

Michael Kamara represented the seller, Talia Solomon, in this transaction. The sale was noted for achieving one of the lowest cap rates for a multifamily property in the area over recent years, with a cap rate of 3.30% based on current income.

Players

Michael Kamara
Michael Kamara
20 deals$60.4M volume(310) 666-5837
BROKER

Details

SOLD
IMAGE: Michael Kamara DATE: 12/16/2025 ADDRESS: 346 North Spaulding Avenue MARKET: Los Angeles ASSET TYPE: Multifamily BUYER: Moses Salem SELLER: Talia Solomon BROKER: Michael Kamara (@MdKamara) - The Kamara Multifamily Group (@TheKamaraMultifamilyGroup) SALE PRICE: $1,702,000 UNITS: 4 ~ PPU: $425,500 SF: 5,662 ~ PPSF: $300 NOTE FROM BROKER: Sold at one of the lowest cap rates for a multifamily property in the area over the past few years—3.30% on current income.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$90,773.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,046.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,068.35
Annual Debt Service$96,820.18