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
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