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8991 Keith Avenue

Michael Maltzman Acquires Multifamily Property From Noel Gordesky In West Hollywood For $1.4M
SOLDMultiFamily

Michael Maltzman Acquires Multifamily Property From Noel Gordesky In West Hollywood For $1.4M

8991 Keith Avenue

$1,400,000

$411/SF

Building Size

3,403 SF

Asset Type

MultiFamily

Closing

Dec 28, 2025

AI

The property asset involved in this transaction is a multifamily building located at 8991 Keith Avenue in West Hollywood. The sale price for this property was $1,400,000, which correlates to a price per unit of $280,000, with a total square footage of 3,403 and a price per square foot of $411.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,400,000
  • Units: 5
  • Square Footage: 3,403
  • Price Per Unit: $280,000
  • Price Per Square Foot: $411
  • Buyer: Michael Maltzman
  • Seller: Noel Gordesky
  • Broker: Jake Glaser - Lyon Stahl Investment Real Estate
  • Transaction Date: 12/29/2025

This deal highlights the involvement of Michael Maltzman as the buyer and Noel Gordesky as the seller. The brokerage company Lyon Stahl Investment Real Estate was represented in this transaction by broker Jake Glaser, who facilitated the deal's progress and negotiations. Interested parties can follow @theglasergroup for the full deal story.

Players

Jake Glaser

Lyon Stahl Investment Real Estate

Broker

$158.2M

vol

68 deals

Broker
Lyon Stahl Investment Real Estate
Lyon Stahl Investment Real EstateBrokerage

Michael Maltzman

Buyer

$44.6M

vol

9 deals

Buyer

West Hollywood 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

11.33%

Cash-on-Cash

-3.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93