George Pappas Acquires Whittier, CA Multifamily For $11.5M
SOLD
$11,490,000
California
See Similar DealsMultiFamily26,044 SF
Sold 10/07/2022
SOLD
George Pappas Acquires Whittier, CA Multifamily For $11.5M
11500 Colima Road
See Similar DealsMultiFamily26,044 SF
Sold 10/07/2022
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$441
Total Square Footage:26,044 SF
Transaction Type:Sale
A multifamily property located at 11500 Colima Rd Units 43 in Whittier, CA has been sold. The property spans across 26,044 square feet and was sold for a price of $11,490,000, resulting in a price per square foot of $441.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $11,490,000
- Square Footage: 26,044
- Address: 11500 Colima Rd Units 43, Whittier, CA
- Market: Whittier, CA
The buyer in this transaction is George Pappas, while the seller is William Suh. The deal was facilitated by CBRE brokers Sean Farag and Dan Blackwell.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$612,799.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$40,821.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$54,468.46
Annual Debt Service$653,621.54
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