Updated Jul 22, 2026
SOLDMultiFamily
Lou Silver Acquires Multifamily Asset From Irene Wang For $2.8M In Los Angeles
3945 Frances Avenue
$2,800,000
$305/SF
Building Size
9,165 SF
Asset Type
MultiFamily
Closing
Jun 30, 2026
About this deal
AI
The property asset involved in the transaction is a multifamily unit located at 3945 Frances Avenue in the Los Angeles market. The multifamily asset comprises 19 units, offering a total square footage of 9,165. The sale was completed for a price of $2,800,000, which translates to a price per unit of $147,368 and a price per square foot of $305.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,800,000
- Units: 19
- Square Footage: 9,165
- Price Per Unit: $147,368
- Price Per Square Foot: $305
- Buyer: Lou Silver
- Seller: Irene Wang
- Brokers: Peter James & William James - Lyon Stahl Investment Real Estate
- Date of Transaction: 06/30/2026
Key individuals in this transaction include the buyer Lou Silver and the seller Irene Wang. The brokers representing the deal are Peter James and William James from Lyon Stahl Investment Real Estate, facilitating the transaction on behalf of the involved parties.
On the Map
$2,800,000
$305/SF
MultiFamily
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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