Deepak Mehta Sells Multifamily Property On Camden Avenue In Los Angeles For $4.97M
SOLD
$4,979,000
California
See Similar DealsMultiFamily10,780 SF
Sold 12/21/2023
SOLD
Deepak Mehta Sells Multifamily Property On Camden Avenue In Los Angeles For $4.97M
1546 Camden Avenue
See Similar DealsMultiFamily10,780 SF
Sold 12/21/2023
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$461
Total Square Footage:10,780 SF
Transaction Type:Sale
The multifamily property located at 1546 Camden Avenue in Los Angeles has been sold in a recent transaction. The property consists of 8 units and has a total square footage of 10,780. The asking price for the property was $5,300,000, and it was eventually sold for $4,979,000. The price per unit (PPU) was $622,375, and the price per square foot (PPSF) was $462.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,979,000
- Units: 8
- Square Footage: 10,780
- Asking Price: $5,300,000
- Price per Unit (PPU): $622,375
- Price per Square Foot (PPSF): $462
The seller of the property was Deepak Mehta. Representing the buyer, Jeff Pierce from Miller & Desatnik Realty facilitated the transaction. On the other hand, Jonathan Taksa from Taksa Investment Group represented the seller in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$265,546.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,689.33
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,603.00
Annual Debt Service$283,236.00
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