Updated May 29, 2026
Sherif Antoon Purchases Multifamily Property From Leland Scurry In Los Angeles For $1.2M
8893 Reading Avenue
$1,200,000
$424/SF
Building Size
2,829 SF
Asset Type
MultiFamily
Closing
May 22, 2026
About this deal
AI
The multifamily asset located at 8893 Reading Avenue in Los Angeles encompasses 2,829 square feet and consists of four units. The property was sold for $1,200,000, translating to a price per unit of $300,000 and a price per square foot of $424.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,200,000
- Units: 4
- Square Footage: 2,829
- Price Per Unit: $300,000
- Price Per Square Foot: $424
- Buyer: Sherif Antoon
- Seller: Leland Scurry
- Broker Representatives: Ryan Versfelt & David Messiah - Lyon Stahl Investment Real Estate
The transaction involved Sherif Antoon as the buyer and Leland Scurry as the seller, with the brokerage representation provided by Ryan Versfelt and David Messiah from Lyon Stahl Investment Real Estate, who facilitated the deal.
On the Map
$1,200,000
$424/SF
MultiFamily
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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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93