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
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.
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