$349,583 Cost Per Unit                                         $261 Cost Per Foot
10.91 GRM* / 9.62 GRM(M)*                     6.01% CAP* / 7.20% CAP (M)*

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HIGHLIGHTS

* After 42 Years of Ownership, Seller Selects Jared Levine of JML Real Estate Group | KW Commercial as Exclusive Listing Agent

* Just 10 Days from Launch to Accepted Offer

* 9 Qualified Offers Generated, Totaling More Than $35,000,000 in Aggregate Offer Volume

* Multiple Offers Received At or Above Asking Price

* Buyer paid All Cash and Closed Escrow in 2 Weeks

* Seller Elects to Complete a 1031 Exchange into a DST

* Buyer and Seller Represented By Jared Levine of JML Real Estate Group | KW Commercial

SELLER TESTIMONIAL

"My partners and I owned multifamily real estate in Studio City since 1989.  When we decided to sell, Jared was the perfect choice.  Not only was his marketing approach effective, his organization skills also made the transaction proceed smoothly even through hick-cups.  I have been a real estate attorney for over 40 years and it is a pleasure to find excellence in the industry." 

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THE DEAL STORY

​After 42 years of ownership, Acama Townhomes — a rare 12-unit townhome-style multifamily property in the heart of Studio City — has officially closed escrow in a highly competitive transaction that underscores the continued strength of the Studio City apartment market.

Originally introduced to the market as a generational investment opportunity, this unique asset quickly captured the attention of both private and institutional investors seeking quality product in a supply-constrained submarket.

 Within just a week and a half of launching our targeted marketing strategy, we generated:

• 9 qualified offers

• Over $35,000,000 in total offer volume

• Multiple offers at or above the asking price

This level of activity highlights the depth of capital currently targeting well-located multifamily assets in Studio City — especially properties offering strong fundamentals and long-term upside. Ultimately, the Seller selected an all-cash, full-price offer with a 2-week close, prioritizing certainty and execution. Acama Townhomes represented a true generational asset, having been held for over four decades. Assets of this quality — particularly with this unit mix and location — rarely come to market, which directly contributed to the strong buyer response. 

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During escrow, both Buyer and Seller worked collaboratively to ensure a smooth and successful closing. Through due diligence, the Buyer identified key capital items, including:

• Electrical system upgrades (original panels)

• Roof replacement considerations

Rather than derailing the transaction, both parties negotiated in good faith and agreed to a mutually beneficial price adjustment, allowing the deal to move forward without delays.  This type of professional, solutions-oriented negotiation is critical in today’s market — where execution matters just as much as pricing.

Jared Levine of JML Real Estate Group successfully guided the Seller through the entire process — from positioning and marketing to negotiation and closing — ultimately helping them:

• Maximize value through competitive bidding

• Navigate escrow challenges effectively

• Transition into their next investment via a 1031 exchange

• Seller's choose to exchange into a DST, to eliminate hands on management

If you own a multifamily or commercial property in Studio City or the surrounding San Fernando Valley, now may be an excellent time to explore your options including a DST

JML Real Estate Group specializes in:

• Multifamily investment sales

• Off-market opportunities

• 1031 exchange advisory

• Strategic pricing and marketing

   

We would be happy to provide a complimentary, no-obligation Opinion of Value and share insights on current buyer demand, pricing trends, and how to position your property for maximum results.

Contact us today! (818) 657-6556 or jared@jaredmlevine.com

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