Updated Dec 4, 2024
CBRE Arranges $2.875M Sale Of 10-Unit Multifamily Property In Garden Grove
11821 Stuart Drive
$2,875,000
$334/SF
Building Size
8,601 SF
Asset Type
MultiFamily
Closing
Nov 6, 2023
About this deal
AI
The 10-unit multifamily property located at 11821 Stuart Drive in Garden Grove, California has been sold for $2,875,000. This transaction marks the property's first sale in over 60 years. With a value-add opportunity, the property offers potential for rent increases. It is conveniently located near major employment centers and amenities, as well as tourist destinations.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,875,000
- Address: 11821 Stuart Drive
- Market: Garden Grove
- ACRES: 0.28
The sale of this multifamily property was facilitated by Andrew Boukather and Daniel Blackwell of CBRE. They represented both the seller and the buyer in this transaction.
On the Map
$2,875,000
$334/SF
MultiFamily
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Stuart 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
5.52%
Cash-on-Cash
-1.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93