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608 North Breed Street

Updated Oct 22, 2026

Michelle Jung Acquires 4-Unit Multifamily Building In Los Angeles From Christopher Bennett For $995,000
SOLDMultiFamily

Michelle Jung Acquires 4-Unit Multifamily Building In Los Angeles From Christopher Bennett For $995,000

608 North Breed Street

$995,000

$298/SF

Building Size

3,330 SF

Asset Type

MultiFamily

Closing

Oct 20, 2026

About this deal

AI

This multifamily property consists of a 4-unit apartment building located at 608 North Breed Street in the Los Angeles market. The property spans a total of 3,330 square feet and was sold for $995,000, equating to a price per unit of $248,750 and a price per square foot of $298.

Summary of transaction details:

Brandon Maghen and Aaron Jacobson effectively facilitated this transaction in the Boyle Heights submarket, ensuring that the seller achieved the full asking price. Their success was attributed to strategic marketing and targeted outreach to potential buyers, which streamlined the escrow process and matched the right buyer with the property.

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$995,000

$298/SF

MultiFamily

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Players

Aaron Jacobson

Lyon Stahl Investment Real Estate

Broker

$53.5M

vol

23 deals

Broker
Michelle Jungreis

Michelle Jungreis

Buyer

$79M

vol

3 deals

Buyer
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Los Angeles MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $298 per square foot on a published $995K for 3,330 square feet (2026).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

15.94%

Cash-on-Cash

-4.56%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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