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Nick Mejerski & Elliot Sabag of Marcus & Millichap Sell $3.985M Multifamily Property At 140 South Camden Drive

Property Image
SOLD
$3,985,000
Elliot Sabag
Eliyahu Appel
+ 1

California

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MultiFamily7,052 SF
Sold 03/15/2024
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Property Image
SOLD

Nick Mejerski & Elliot Sabag of Marcus & Millichap Sell $3.985M Multifamily Property At 140 South Camden Drive

140 South Camden Drive

See Similar Deals
MultiFamily7,052 SF
Sold 03/15/2024
Elliot Sabag
Eliyahu Appel
+ 1
Contact now

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.

Players

Elliot Sabag
12 deals$82.1M volume
BROKER

Nick Mejerski
Marcus & Millichap
5 deals$11.8M volume(818) 795-5970
BROKER

Eliyahu Appel
Marcus & Millichap
3 deals$8.9M volume(818) 212-2707
BROKER

Jeffrey Louks
Marcus & Millichap
8 deals$49.1M volume(818) 212-2780
BROKER

Details

SOLD
IMAGE: Eliyahu Appel & Jeffrey Louks DATE: 03/15/2024 ADDRESS: 140 South Camden Drive MARKET: Beverly Hills ASSET TYPE: Multifamily BROKERS: Eliyahu Appel, Elliot Sabag, Nick Mejerski & Jeffrey Louks - Marcus & Millichap (@MarcusMillichapinc) SALE PRICE: $3,985,000 UNITS: 8 ~ PPU: $498,125 SF: 7,052 ~ PPSF: $565 NOTE: In Beverly Hills, a multifamily property situated at 140 South Camden Drive was sold for $3,985,000, featuring 8 units with a per-unit price of $498,125. The transaction was managed by brokers Eliyahu Appel and Jeffrey Louks from Marcus & Millichap.

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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
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