Danny Monempour Acquires Multifamily Property From Kathryn James In Los Angeles For $2.65M
4151 3rd Avenue
$2,650,000
$177/SF
Building Size
14,900 SF
Asset Type
MultiFamily
Closing
Sep 30, 2025
AI
The multifamily property located at 4151 3rd Avenue in Los Angeles was sold for $2,650,000. The asset consists of 19 units, providing a price per unit of $139,473. The total square footage of the property is 14,900, resulting in a price per square foot of $177.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $2,650,000
- Units: 19
- Price per Unit: $139,473
- Square Footage: 14,900
- Price per Square Foot: $177
- Buyer: Danny Monempour
- Seller: Kathryn James
- Brokers: Mike Matthias & Zac Freehling - Pacific Partners Real Estate Investments - Keller Williams Beverly Hills
This transaction involved key individuals representing both the buyer and seller. Danny Monempour acquired the property from Kathryn James with the assistance of brokers Mike Matthias and Zac Freehling, who facilitated the deal through Pacific Partners Real Estate Investments and Keller Williams Beverly Hills.
Players
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
5.99%
Cash-on-Cash
-1.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93