Isaac Michaels Purchases Multifamily Property At 11644 Montana Avenue Brentwood For $3 Million With Buyer’s Rep Jonathan Taksa
SOLD
$3,000,000
California
See Similar DealsMultiFamily7,323 SF
Sold 03/20/2025
SOLD
Isaac Michaels Purchases Multifamily Property At 11644 Montana Avenue Brentwood For $3 Million With Buyer’s Rep Jonathan Taksa
11644 Montana Avenue
See Similar DealsMultiFamily7,323 SF
Sold 03/20/2025
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$409
Total Square Footage:7,323 SF
Transaction Type:Sale
The property asset involved in this transaction is a multi-family building located at 11644 Montana Avenue in the Brentwood market. It encompasses 9 units and has a total square footage of 7,323. The property was sold for $3,000,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $3,000,000.00
- Address: 11644 Montana Avenue
- Market: Brentwood
- Units: 9
- Square Footage: 7,323.0
- Buyer: Isaac Michaels
- Seller: Hilary Morano
- Buyer's Representative: Jonathan (Jon) Taksa (Taksa Investment Group)
- Seller's Representatives: Ricky Mitchell (The Passman Group), David Passman (The Passman Group)
- Broker: Ricky Mitchell (The Passman Group)
This transaction features key individuals such as Isaac Michaels, who is the buyer, and Hilary Morano, the seller. The deal was facilitated by Jonathan (Jon) Taksa representing the buyer, while Ricky Mitchell and David Passman represented the seller through The Passman Group.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$160,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,658.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,221.53
Annual Debt Service$170,658.37
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