Isaac Michaels Purchases Multifamily Property At 11644 Montana Avenue Brentwood For $3 Million With Buyer’s Rep Jonathan Taksa
11644 Montana Avenue
$3,000,000
$409/SF
Building Size
7,323 SF
Asset Type
MultiFamily
Closing
Mar 20, 2025
AI
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.
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
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93