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1045 South Cloverdale Avenue

Shlomo Lalezarian Purchases Multifamily Property From Julien Garland For $1.675M In Los Angeles
SOLDMultiFamily

Shlomo Lalezarian Purchases Multifamily Property From Julien Garland For $1.675M In Los Angeles

1045 South Cloverdale Avenue

$1,675,000

$260/SF

Building Size

6,428 SF

Asset Type

MultiFamily

Closing

May 11, 2026

AI

The multifamily property located at 1045 South Cloverdale Avenue in Los Angeles has changed hands. The transaction was completed for a sale price of $1,675,000, encompassing a total of 8 units within a square footage of 6,428. The price per unit stands at $209,375, and the price per square foot is recorded at $260.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,675,000
  • Units: 8
  • Square Footage: 6,428
  • Price Per Unit: $209,375
  • Price Per Square Foot: $260
  • Buyer: Shlomo Lalezarian
  • Seller: Julien Garland
  • Broker Representatives: Jake Glaser & Spencer Chan - Lyon Stahl Investment Real Estate

The deal was facilitated by brokers Jake Glaser and Spencer Chan, who represent Lyon Stahl Investment Real Estate. For further insights into the transaction, refer to the note from the brokers to head to @theglasergroup for the full deal story.

Players

Jake Glaser

Lyon Stahl Investment Real Estate

Broker

$158.2M

vol

68 deals

Broker

Shlomo Lalezarian

Buyer

$7.8M

vol

4 deals

Buyer

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

9.47%

Cash-on-Cash

-2.71%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93