Updated Jan 9, 2026
Matt Gray Purchases 819 Beacon Avenue Multifamily Property From Samuel Dina For $1.925M
819 Beacon Avenue
$1,925,000
$186/SF
Building Size
10,340 SF
Asset Type
MultiFamily
Closing
Dec 31, 2025
About this deal
AI
The property involved in the transaction is a multifamily asset located at 819 Beacon Avenue in Los Angeles. The sale price was $1,925,000 for a total of 10,340 square feet, equating to $186 per square foot. This asset comprises solely studio and one-bedroom units and was built in 1906. It features no parking and has master-metered utilities, presenting challenges in underwriting and attracting buyers amidst rising expenses and tightening regulations.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $1,925,000
- Address: 819 Beacon Avenue
- Market: Los Angeles
- Square Footage: 10,340
- Price Per Square Foot: $186
- Buyer: Matt Gray
- Seller: Samuel Dina
- Seller's Representative: Morgan Wetmore, Glen Scher & Filip Niculete - Marcus & Millichap
The LAAA Team, represented by Morgan Wetmore, Glen Scher, and Filip Niculete from Marcus & Millichap, successfully closed this sale after more than a decade of unsuccessful attempts to sell the property with multiple brokers. The marketing process generated six offers, showcasing the team's effectiveness in navigating today's shifting market conditions.
On the Map
$1,925,000
$186/SF
MultiFamily
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.24%
Cash-on-Cash
-2.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93