Updated Oct 25, 2024
Michael Maltzman Acquires Multifamily Property In Silverlake For $3.95M
4115 Normal Avenue, Los Angeles, California 90029, United States
$3,950,000
$283/SF
Building Size
13,956 SF
Asset Type
Retail
Closing
Dec 17, 2021
About this deal
AI
Located in the vibrant neighborhood of Silverlake, this multifamily property at 4115 Normal has recently changed hands in a closed transaction. The sale was facilitated by Marcus & Millichap broker Matt Ziegler.
Summary of transaction details:
- Property Type: Multifamily
- Sale Price: $3,950,000
- Number of Units: 11
- Price per Unit: $359,090
- Square Footage: 13,956
- Price per Square Foot: $283
- Market: Silverlake
The buyer, Michael Maltzman, acquired this property from the seller, Michael Rosengarten. The deal represents a significant investment opportunity in Silverlake's real estate market. With a total of 11 units and a spacious size of 13,956 square feet, this multifamily property offers potential for a strong return on investment.
Matt Ziegler from Marcus & Millichap represented both parties in this transaction, facilitating a successful deal. This transaction not only highlights the potential of the property but also underscores the expertise and professionalism of the involved individuals and companies.
On the Map
$3,950,000
$283/SF
Retail
View full map
Players
Los Angeles Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit Matt Ziegler to view all their deals.
Browse California retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.02%
Cash-on-Cash
-1.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93