Shawn Silver Purchases Multifamily Asset From Joseph Valane For $5.95M In Los Angeles
4221 Burns Avenue
$5,950,000
$391/SF
Building Size
15,184 SF
Asset Type
MultiFamily
Closing
Mar 13, 2026
AI
The transaction involved a multifamily asset located at 4221 Burns Avenue in the Los Angeles market. The property was sold for $5,950,000, encompassing a total square footage of 15,184, which translates to a price per square foot of $391.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,950,000
- Address: 4221 Burns Avenue
- Market: Los Angeles
- Square Footage: 15,184
- Price Per Square Foot: $391
- Buyer: Shawn Silver
- Seller: Joseph Valane
- Buyer's Representative: Chase Simonton & John Sarna - Re/Max
- Seller's Representative: Kevin Green - Marcus & Millichap
Chase Simonton and John Sarna represented the buyer in this transaction, while Kevin Green acted as the seller's representative. The involvement of these individuals and their respective agencies highlights the collaborative nature of real estate transactions in this market.
Players
Los Angeles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.67%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93