Updated Dec 19, 2023
Eric Chen Sells Multifamily Condo Portfolio In Alhambra For $4.1M
28 South Chapel Avenue, Alhambra, California 91801, United States
$4,100,000
$350/SF
Building Size
11,711 SF
Asset Type
—
Closing
Mar 15, 2022
About this deal
AI
The multifamily condo portfolio located at 28-32 S. Chapel Ave. in Alhambra has been sold in a recent transaction. The property, consisting of 7 units, spans a total area of 11,711 square feet. The sale price for this portfolio was $4,100,000, resulting in a price per square foot of $350. The per unit price for these condos was approximately $585,714.
Summary of transaction details
- Property Type: Multifamily (Condo Portfolio)
- Transaction Amount: $4,100,000
- Square Footage: 11,711
- Price per Square Foot: $350
- Number of Units: 7
- Price per Unit: $585,714
- Address: 28-32 S. Chapel Ave.
- Market: Alhambra
The sale of this multifamily condo portfolio was facilitated by Eric Chen of Socal Apartment Advisors. Eric Chen acted as the broker in this transaction, representing the parties involved in the deal.
Players
Alhambra CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
About $350 per square foot on a published $4.1M for 11,711 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.87%
Cash-on-Cash
-1.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93