Austin Nissly And Matt Carney Acquire Multifamily Property In Westchester For $5,249,999
7360-7366 Manchester Ave, Los Angeles, Ca 90045
$5,249,999
$479/SF
Building Size
10,944 SF
Asset Type
MultiFamily
Closing
May 28, 2026
AI
The property involved in the transaction is a multifamily asset located at 7360-7366 Manchester Avenue in Westchester, CA. The sale price for the property was $5,249,999, encompassing 16 units with a price per unit of $328,124. The building has a total square footage of 10,944, resulting in a price per square foot of $479.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,249,999
- Units: 16
- Price Per Unit: $328,124
- Square Footage: 10,944
- Price Per Square Foot: $479
- Buyer: Austin Nissly & Matt Carney
- Buyer's Representative: Peter James & William James - Lyon Stahl Investment Real Estate
- Seller's Representative: Steffan Braunlich - Berkadia
Key individuals in this transaction include Austin Nissly and Matt Carney, the buyers of the property, who are represented by Peter James and William James from Lyon Stahl Investment Real Estate. The seller's interests were represented by Steffan Braunlich from Berkadia, contributing to the successful completion of this multifamily asset sale.
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
3.02%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93