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8893 Reading Avenue

Sherif Antoon Purchases Multifamily Property From Leland Scurry In Los Angeles For $1.2M
SOLDMultiFamily

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

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.

Players

David Messiah

Lyon Stahl Investment Real Estate

Broker

$7.2M

vol

5 deals

Broker

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