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Nick Mejerski & Elliot Sabag of Marcus & Millichap Sell $3.985M Multifamily Property At 140 South Camden Drive
SOLD
California
See Similar DealsMultiFamily7,052 SF
Sold 03/15/2024
SOLD
Nick Mejerski & Elliot Sabag of Marcus & Millichap Sell $3.985M Multifamily Property At 140 South Camden Drive
140 South Camden Drive
See Similar DealsMultiFamily7,052 SF
Sold 03/15/2024
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$565
Total Square Footage:7,052 SF
Transaction Type:Sale
A multifamily property located at 140 South Camden Drive in Beverly Hills has been sold for $3,985,000. The asset features 8 units, with a per-unit price of $498,125, and spans a total of 7,052 square feet, resulting in a price per square foot of $565.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $3,985,000
- Units: 8
- Price Per Unit: $498,125
- Square Feet: 7,052
- Price Per Square Foot: $565
The transaction was facilitated by brokers Eliyahu Appel, Elliot Sabag, Nick Mejerski, and Jeffrey Louks, who represent Marcus & Millichap in this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$212,533.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,157.88
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,890.93
Annual Debt Service$226,691.20
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