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
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.
Players
Los Angeles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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