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
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