Updated Sep 25, 2026
Anne Wang Acquires Multifamily Property In Los Angeles For $3,050,000 With Michael Kamara As The Broker
5516 Virginia Avenue
$3,050,000
$264/SF
Building Size
11,550 SF
Asset Type
MultiFamily
Closing
Sep 23, 2026
About this deal
AI
This multifamily property located at 5516 Virginia Avenue in the Los Angeles market includes 16 units and has a total square footage of 11,550. The sale price of the property was $3,050,000, resulting in a price per unit of $190,625 and a price per square foot of $264.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,050,000
- Buyer: Anne Wang
- Seller: Susanna Reinisich
- Broker: Michael Kamara - The Kamara Multifamily Group
Michael Kamara represented the transaction on behalf of the seller, facilitating the completion of this multifamily sale in Los Angeles.
On the Map
$3,050,000
$264/SF
MultiFamily
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.20%
Cash-on-Cash
-1.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93