Updated Aug 4, 2026
SOLDMultiFamily
LWK Partners Acquires Multifamily Property In Los Angeles From Joe And Jacqueline Kimaz For $4.56M
4141 South Bronson Avenue & 4227 Leimert Boulevard
$4,560,115
$179/SF
Building Size
15,232 SF
Asset Type
MultiFamily
Closing
May 22, 2025
About this deal
AI
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.
On the Map
$4,560,115
$179/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
3.48%
Cash-on-Cash
-0.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93