Peter & Willi Coeler Acquire Multifamily Property On Camarillo Street For $8.35M
11255 Camarillo Street
$8,350,000
$257/SF
Building Size
32,475 SF
Asset Type
MultiFamily
Closing
Apr 5, 2024
AI
The multifamily property located at 11255 Camarillo Street in Beverly Hills was sold for $8,350,000. The asset consists of 37 units, with a price per unit of $225,676. The total square footage of the property is 32,475, translating to a price per square foot of $257. The transaction was finalized on 04/05/2024, with Peter & Willi Coeler acquiring the property from Michael Frields.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $8,350,000
- Buyer: Peter & Willi Coeler
- Seller: Michael Frields
- Buyer's Representative: Michael Monempour - Lyon Stahl Investment Real Estate
- Seller's Representative: Victor Ahn - Coldwell Banker
Michael Monempour from Lyon Stahl Investment Real Estate represented the buyers, Peter & Willi Coeler, in this transaction. On the other hand, Victor Ahn of Coldwell Banker acted as the seller's representative, assisting Michael Frields in the sale of the multifamily property in Beverly Hills.
Players
North Hollywood 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
1.90%
Cash-on-Cash
-0.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93