David Weinberg Purchases Multifamily Property From Alfred Emailian For $2.4M In Los Angeles
4505 Santa Rosalia Drive
$2,400,000
$171/SF
Building Size
14,006 SF
Asset Type
MultiFamily
Closing
Aug 28, 2025
AI
The property asset involved in the transaction is a multifamily building located at 4505 Santa Rosalia Drive in the Los Angeles market. The sale price for this asset was $2,400,000, featuring a total of 14 units. The square footage of the property is 14,006, which breaks down to a price per unit of $171,428 and a price per square foot of $171.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,400,000
- Units: 14
- Square Footage: 14,006
- Price Per Unit: $171,428
- Price Per Square Foot: $171
- Buyer: David Weinberg
- Seller: Alfred Emailian
- Brokers: Jake Glaser & Spencer Chan - Lyon Stahl Investment Real Estate
Key individuals in the deal include the buyer, David Weinberg, and the seller, Alfred Emailian. The transaction was facilitated by brokers Jake Glaser and Spencer Chan, representing Lyon Stahl Investment Real Estate in this multifamily asset sale.
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
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93