Updated Sep 11, 2026
George Pappas Acquires Whittier, CA Multifamily For $11.5M
11500 Colima Road
$11,490,000
$441/SF
Building Size
26,044 SF
Asset Type
MultiFamily
Closing
Oct 7, 2022
About this deal
AI
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.
On the Map
$11,490,000
$441/SF
MultiFamily
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Players
Whittier MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.38%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93