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LWK Partners Acquires Multifamily Property In Los Angeles From Joe And Jacqueline Kimaz For $4.56M

Property Image
SOLD
$4,560,115
Drew McAllister
Matt Carney

California

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MultiFamily25,452 SF
Sold 05/22/2025
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Property Image
SOLD

LWK Partners Acquires Multifamily Property In Los Angeles From Joe And Jacqueline Kimaz For $4.56M

4141 South Bronson Avenue & 4227 Leimert Boulevard

See Similar Deals
MultiFamily25,452 SF
Sold 05/22/2025
Drew McAllister
Matt Carney
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$179
Total Square Footage:25,452 SF
Transaction Type:Sale

The asset involved in this transaction is a multifamily property located at 4141 South Bronson Avenue and 4227 Leimert Boulevard in the Los Angeles market. It consists of 24 units, encompassing a total square footage of 15,232. The sale price was established at $4,560,115, resulting in a price per unit of $190,004 and a price per square foot of $299.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $4,560,115
  • Number of Units: 24
  • Square Footage: 15,232
  • Price Per Unit: $190,004
  • Price Per Square Foot: $299
  • Buyer: LWK (www.lwkpartners.com) - Matt Carney & Austin Nissly
  • Seller: Joe and Jacqueline Kimaz
  • Broker: Drew McAllister - NRE Commercial

This transaction marks LWK's 23rd multifamily acquisition in the Greater Los Angeles area and is the first under their joint venture with Cypress Equity Investments.

Players

Drew McAllister
Drew McAllister
4 deals$15.8M volume
BROKER
Matt Carney
Matt Carney
5 deals$96.7M volume
BUYER

Details

SOLD
IMAGE: Drew McAllister DATE: 05/22/2025 ADDRESS: 4141 South Bronson Avenue & 4227 Leimert Boulevard MARKET: Los Angeles ASSET TYPE: Multifamily BUYER: LWK (www.lwkpartners.com) - Matt Carney (@_MatthewCarney_) & Austin Nissly (@AtNissly | X - @atnissly) SELLER: Joe and Jacqueline Kimaz BROKER: Drew McAllister - NRE Commercial SALE PRICE: $4,560,115 UNITS: 24 ~ PPU: $190,004 SF: 15,232 ~ PPSF: $299 NOTE FROM BUYER: This transaction represents LWK's 23rd multifamily acquisition in the Greater Los Angeles area, and the first under their JV with Cypress Equity Investments.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$16,201.14
Cash-on-Cash Return-1.27%
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