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
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