Stepp Commercial Represents Sale Of Downey Multifamily Property For $3.95M
SOLD
$3,950,000
California
See Similar DealsMultiFamily14,489 SF
Sold 10/28/2021
SOLD
Stepp Commercial Represents Sale Of Downey Multifamily Property For $3.95M
11506 Adco Avenue, Downey, CA 90241, USA
See Similar DealsMultiFamily14,489 SF
Sold 10/28/2021
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$272
Total Square Footage:14,489 SF
Transaction Type:Sale
Located in Downey, the multifamily property at 11502-11506 Adco Avenue has been sold for a price of $3,950,000. The transaction took place on October 28, 2021. The property consists of 16 units, resulting in a price per unit of $246,875.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,950,000
- Address: 11502-11506 Adco Avenue
- Market: Downey
The sale was facilitated by Mark Ventre and Darin Beebower from Stepp Commercial. They represented the buyer and/or seller in this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$210,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,033.51
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,725.02
Annual Debt Service$224,700.18
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