Just Sold: Acama Townhomes – 11607 Acama Street, Studio City, CA 91604

jaredlevine
Apr 6
3 min read

12 Units | Closed at $3,880,000 | Multiple Offers Generated

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.

Marketing Execution & Buyer Demand

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.

Navigating Escrow & Creating a Win-Win Outcome

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.

Final Sale Metrics

The property successfully closed at:

$3,880,000 Sale Price
$323,333 Cost Per Unit
$241 Cost Per Foot
10.09 GRM
6.6% CAP Rate

These metrics reflect a strong outcome for both parties, balancing in-place income, future upside, and current market conditions.

A Generational Asset Trades

Acama Townhomes represented a true generational asset, having been held for over four decades.

Located on an oversized corner lot in a prime Studio City neighborhood surrounded by single-family homes, the property features:

100% two-story townhome-style units
Large 2BR and 3BR layouts
Private patios/balconies
Excellent parking ratio (2 spaces per unit)
Strong long-term rental appeal

Assets of this quality — particularly with this unit mix and location — rarely come to market, which directly contributed to the strong buyer response.

Helping the Seller Achieve 1031 Exchange Goals

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

Why This Sale Matters

This transaction reinforces several key trends in today’s market:

Strong demand remains for well-located multifamily assets
Townhome-style units with larger floorplans command premium interest
Execution and deal certainty are driving seller decisions
Collaborative negotiation is key to getting deals across the finish line

Thinking About Selling Your Property?

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.

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.