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438 East 28th Street

D.J. Seeley Purchases Multifamily Property From Joel Davidson For $2.6 Million In Los Angeles
SOLDMultiFamily

D.J. Seeley Purchases Multifamily Property From Joel Davidson For $2.6 Million In Los Angeles

438 East 28th Street

$2,600,000

$392/SF

Building Size

6,623 SF

Asset Type

MultiFamily

Closing

Jul 31, 2025

AI

The property asset involved in this transaction is located at 438 East 28th Street, Los Angeles. This multifamily property consists of 4 units, with a total square footage of 6,623. The sale price for the property was $2,600,000, resulting in a price per unit of $650,000 and a price per square foot of $392.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,600,000
  • Address: 438 East 28th Street
  • Market: Los Angeles
  • Units: 4
  • Square Footage: 6,623
  • Price Per Unit: $650,000
  • Price Per Square Foot: $392
  • Buyer: D.J. Seeley
  • Seller: Joel Davidson
  • Buyer's Representative: Jon Sodeif - Real Estate Source Inc.
  • Seller's Representative: Barbara Isabel - Keller Williams Realty

The key individuals involved in this transaction include the buyer, D.J. Seeley, and the seller, Joel Davidson, each representing their respective interests in the deal. The buyer was represented by Jon Sodeif from Real Estate Source Inc., while the seller was represented by Barbara Isabel from Keller Williams Realty.

Players

Jon Sodeif

Pacific Home Brokers

Broker

$12.8M

vol

3 deals

Broker
Keller Williams Realty
Keller Williams RealtyBrokerage

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

6.10%

Cash-on-Cash

-1.74%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93