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
Los Angeles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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