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406 South Saint Andrews Pla...

Carlos Rivera And Jorge Galvez Purchase Multifamily Asset From Jay Winship In Los Angeles For $2.3M
SOLDMultiFamily

Carlos Rivera And Jorge Galvez Purchase Multifamily Asset From Jay Winship In Los Angeles For $2.3M

406 South Saint Andrews Place, Los Angeles, Ca, 90020

$2,300,000

$211/SF

Building Size

10,868 SF

Asset Type

MultiFamily

Closing

Feb 25, 2026

AI

The property asset involved in this transaction is a multi-family unit located at 406 South Saint Andrews Place, Los Angeles. The sale price for this asset was $2,300,000, encompassing 11 units. The total square footage of the property is 10,868, resulting in a price per unit of $209,090 and a price per square foot of $211.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $2,300,000
  • Units: 11
  • Square Footage: 10,868
  • Price per Unit: $209,090
  • Price per Square Foot: $211
  • Buyer: Carlos Rivera & Jorge Galvez
  • Seller: Jay Winship
  • Brokers: Arteen Zahiri, Tony Azzi & Rabbie Banafsheha - Marcus & Millichap
  • Date of Transaction: 02/25/2026

The deal involved key individuals including buyers Carlos Rivera and Jorge Galvez, as well as seller Jay Winship. The transaction was facilitated by brokers Arteen Zahiri, Tony Azzi, and Rabbie Banafsheha, representing Marcus & Millichap in this multi-family real estate transaction.

Players

Rabbie Banafsheha

Marcus & Millichap

Broker

$288.9M

vol

17 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

6.90%

Cash-on-Cash

-1.97%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93