Updated Dec 20, 2023
RE/MAX Commercial & Investment Realty Inc. Sells West Los Angeles Multifamily For $9.8M
1818 Camden Avenue, Los Angeles, CA, USA
$9,792,000
$510/SF
Building Size
19,166 SF
Asset Type
MultiFamily
Closing
May 7, 2019
About this deal
AI
Located in West Los Angeles, the recently closed transaction involves a multifamily property situated at 1818 Camden Ave. This property was sold by its original developer and consists of 16 units, all of which are two and three-bedroom apartments. Notably, there is no rent control in place for these units.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $9,792,000
- Square Footage: 19,166
- Price per Square Foot: $510.90
- Number of Units: 16
- Price per Unit: $612,000
Handling this transaction was Jonathan Taksa from RE/MAX Commercial & Investment Realty, Inc. Taksa represented both the buyer and seller during the deal.
Los Angeles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.62%
Cash-on-Cash
-0.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93