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1850 Thayer Avenue

Peter Bisno Purchases Multifamily Property From Richard A. Grea For $4.55M In Los Angeles
SOLDMultiFamily

Peter Bisno Purchases Multifamily Property From Richard A. Grea For $4.55M In Los Angeles

1850 Thayer Avenue & 1834 Thayer Avenue

$4,550,000

$321/SF

Building Size

14,150 SF

Asset Type

MultiFamily

Closing

Jul 21, 2026

AI

This multifamily asset comprises two addresses, 1850 Thayer Avenue and 1834 Thayer Avenue, located in the Los Angeles market. It features a total of 12 units across a square footage of 14,150. The property was sold for a transaction price of $4,550,000, resulting in a price per unit of $379,167 and a price per square foot of $322.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $4,550,000
  • Units: 12
  • Square Footage: 14,150
  • Price Per Unit: $379,167
  • Price Per Square Foot: $322
  • Buyer: Peter Bisno
  • Seller: Richard A. Grea
  • Broker: Luc Whitlock - JLL

Peter Bisno acted as the buyer in this transaction, while Richard A. Grea was the seller. The brokerage firm JLL was represented by Luc Whitlock, who facilitated the deal on behalf of the respective parties involved.

Players

Luc Whitlock

JLL

Broker

$77.8M

vol

6 deals

Broker

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

3.49%

Cash-on-Cash

-1.00%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93