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Matthew Lane Purchases Multifamily Asset From Daniel Collins For $1.365M In Los Angeles

Property Image
SOLD
$1,365,000
Matthew Lane
Daniel Hirth
Alex Reyhan

California

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MultiFamily5,824 SF
Sold 12/24/2025
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Property Image
SOLD

Matthew Lane Purchases Multifamily Asset From Daniel Collins For $1.365M In Los Angeles

1329 2nd Avenue

See Similar Deals
MultiFamily5,824 SF
Sold 12/24/2025
Matthew Lane
Daniel Hirth
Alex Reyhan
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$234
Total Square Footage:5,824 SF
Transaction Type:Sale

The property asset involved in this transaction is a multifamily building located at 1329 2nd Avenue, Los Angeles, CA 90019. It consists of six units and encompasses a total square footage of 5,824. The asset was sold for a sale price of $1,365,000, resulting in a price per unit of $227,500 and a price per square foot of $234.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,365,000
  • Buyer: Matthew Lane
  • Seller: Daniel Collins
  • Units: 6
  • Square Footage: 5,824
  • Price Per Unit: $227,500
  • Price Per Square Foot: $234
  • Cap Rate: 7.33%
  • Brokers: Daniel Hirth & Alex Reyhan - The Hirth Group

Daniel Hirth and Alex Reyhan of The Hirth Group worked collaboratively to represent both the buyer and the seller, ensuring a successful closing of the transaction. The seller, a repeat client, and the buyer, a first-time investor, benefited from the brokers' clear communication and hands-on guidance throughout the process.

Players

Alex Reyhan
The Hirth Group
Alex Reyhan
47 deals$187M volume
BROKER
Daniel Hirth
The Hirth Group
Daniel Hirth
71 deals$222.8M volume
BROKER
The Hirth Group
The Hirth Group
BROKERAGE
Matthew Lane
Matthew Lane
4 deals$89.4M volume
BUYER

Details

SOLD
IMAGE: Daniel Hirth & Alex Reyhan DATE: 12/24/2025 ADDRESS: 1329 2nd Avenue MARKET: Los Angeles ASSET TYPE: Multifamily BUYER: Matthew Lane SELLER: Daniel Collins BROKERS: Daniel Hirth (@DHirth5) & Alex Reyhan (@Reyhan___Alex) - The Hirth Group (@HirthGroup) SALE PRICE: $1,365,000 UNITS: 6 ~ PPU: $227,500 SF: 5,824 ~ PPSF: $234 NOTE FROM BROKER: Daniel Hirth and Alex Reyhan of The Hirth Group are proud to announce the successful closing of 1329 2nd Avenue in Los Angeles, CA 90019. Located in the heart of the Mid-City submarket, this transaction represents a strong investment outcome for both buyer and seller. The property consists of four fully remodeled units with a highly desirable unit mix, offering immediate cash flow and long-term upside. The asset traded at a 7.33% cap rate, $227,500 per unit, providing the buyer with strong in-place income and future value-add potential in one of Los Angeles’ most resilient rental markets. This transaction was particularly meaningful as the seller was a repeat client, successfully executing another disposition, while the buyer was a first-time investor, acquiring a stabilized asset with upside in a prime Mid-City location. Through clear communication, thoughtful structuring, and hands-on guidance, the deal moved efficiently from contract to closing. Daniel Hirth and Alex Reyhan represented both the buyer and the seller, ensuring alignment on expectations and a smooth, seamless closing. The result was a true win-win transaction and another example of The Hirth Group’s commitment to delivering exceptional outcomes for our clients.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

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Cap Rate

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