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1600 Camden Avenue

Updated Dec 13, 2024

Angelica Gotzev & Janet Neman Of Kidder Mathews Represent Multifamily Sale At 1600 Camden Avenue For $5M
SOLDMultiFamily

Angelica Gotzev & Janet Neman Of Kidder Mathews Represent Multifamily Sale At 1600 Camden Avenue For $5M

1600 Camden Avenue

$5,000,000

$504/SF

Building Size

9,918 SF

Asset Type

MultiFamily

Closing

Dec 12, 2024

About this deal

AI

A multifamily property located at 1600 Camden Avenue in Los Angeles has been sold for $5 million. The asset comprises 8 residential units, resulting in a price per unit of $625,000. This 1985-built building features a total square footage of 9,918, which translates to a price per square foot of $504. The property is equipped with in-unit washers and dryers, central air conditioning, and has undergone condo mapping.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $5,000,000
  • Units: 8
  • Price Per Unit: $625,000
  • Square Footage: 9,918
  • Price Per Square Foot: $504
  • Address: 1600 Camden Avenue
  • Market: Los Angeles

The transaction involved brokers Angelica Gotzev and Janet Neman from Kidder Mathews, who represented both the buyer and the seller in this deal. Their expertise facilitated the successful transaction of this multifamily property in West Los Angeles.

On the Map

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$5,000,000

$504/SF

MultiFamily

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Players

Janet Neman

Kidder Mathews

Broker

$515.1M

vol

30 deals

Broker
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Los Angeles MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $504 per square foot on a published $5M for 9,918 square feet (2024).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.17%

Cash-on-Cash

-0.91%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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