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7360-7366 Manchester Ave, L...

Austin Nissly And Matt Carney Acquire Multifamily Property In Westchester For $5,249,999
SOLDMultiFamily

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

Steffan Braunlich

Berkadia

Broker

$120.6M

vol

6 deals

Broker
Matt Carney

Matt Carney

Buyer

$118.1M

vol

8 deals

Buyer

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