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George Lalazarian Acquires Los Angeles Multifamily Property From Marentha Abraham For $2.25M

Property Image
SOLD
$2,250,000

California

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MultiFamily10,359 SF
Sold 09/19/2025
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Property Image
SOLD

George Lalazarian Acquires Los Angeles Multifamily Property From Marentha Abraham For $2.25M

3950 Hillcrest Drive

See Similar Deals
MultiFamily10,359 SF
Sold 09/19/2025
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$217
Total Square Footage:10,359 SF
Transaction Type:Sale

The property asset involved in this transaction is a multifamily building located at 3950 Hillcrest Drive in Los Angeles. The sale price for this property was $2,250,000, which consists of 16 units. The total square footage of the building is 10,359, leading to a price per unit of $140,625 and a price per square foot of $217.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,250,000
  • Units: 16
  • Square Footage: 10,359
  • Price Per Unit: $140,625
  • Price Per Square Foot: $217
  • Buyer: George Lalazarian
  • Seller: Marentha Abraham
  • Broker: Chandler Rockwell - The Rockwell Group
  • Market: Los Angeles

The transaction was characterized by the broker, Chandler Rockwell of The Rockwell Group, generating 11 offers within the first 10 days of marketing the property. The seller opted for an all cash transaction with a quick closing to move forward with the sale.

Players

Chandler Rockwell
The Rockwell Group
Chandler Rockwell
21 deals$109.3M volume(310) 405-7632
BROKER

Details

SOLD
IMAGE: Chandler Rockwell DATE: 09/19/2025 ADDRESS: 3950 Hillcrest Drive MARKET: Los Angeles ASSET TYPE: Multifamily BUYER: George Lalazarian SELLER: Marentha Abraham BROKER: Chandler Rockwell - The Rockwell Group (@RockwellGroupLA) SALE PRICE: $2,250,000 UNITS: 16 ~ PPU: $140,625 SF: 10,359 ~ PPSF: $217 NOTE FROM BROKER: The Rockwell Group generated 11 Offers within the first 10 Days of marketing the property. The seller chose an all cash, quick close deal to move forward with.

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

$120,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,993.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,666.15
Annual Debt Service$127,993.77