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

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SOLD
$2,300,000

California

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MultiFamily10,868 SF
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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

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MultiFamily10,868 SF
Sold
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$211
Total Square Footage:10868 SF
Transaction Type:Sale

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
13 deals$235.6M volume
BROKER

Tony Azzi
Marcus & Millichap
55 deals$508.5M volume
BROKER

Arteen Zahiri
Marcus & Millichap
6 deals$114.9M volume(310) 909-5433
BROKER

Details

SOLD
IMAGE: Arteen Zahiri, Tony Azzi, Rabbie Banafsheha, Jorge Galvez & Carlos Rivera DATE: 02/25/2026 ADDRESS: 406 South Saint Andrews Place MARKET: Los Angeles ASSET TYPE: MultiFamily BUYER: Carlos Rivera & Jorge Galvez SELLER: Jay Winship BROKERS: Arteen Zahiri, Tony Azzi (@The_AzziGroup) & Rabbie Banafsheha - Marcus & Millichap (@MarcusMillichapInc) SALE PRICE: $2,300,000 UNITS: 11 ~ PPU: $209,090 SF: 10,868 ~ PPSF: $211

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$122,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,171.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,903.17
Annual Debt Service$130,838.08