The Mogharebi Group Sells Multifamily Property In Costa Mesa For $12.2M
1032 West Wilson Street, Costa Mesa, California 92627, United States
$12,200,000
Building Size
—
Asset Type
MultiFamily
Closing
Mar 14, 2022
AI
Located in Costa Mesa, the multifamily property at 1032 W. Wilson St. has recently been sold in a closed transaction. The sale was facilitated by Brett Bayless from The Mogharebi Group. The property consists of 24 units, with each unit priced at an average of $508,000.
Summary of Transaction Details
- Property Type: Multifamily
- Sale Price: $12,200,000
- Units: 24
- Price Per Unit: $508,000
- Address: 1032 W. Wilson St., Costa Mesa
The involvement of Brett Bayless from The Mogharebi Group highlights the professional representation in this deal. The successful transaction demonstrates the strong market demand for multifamily properties in Costa Mesa.
Players
Costa Mesa 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
1.30%
Cash-on-Cash
-0.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93