Updated Dec 4, 2024
Minyong Wu & Qiuyun Wang Acquire 7-Unit Multifamily In Riverside For $1.75M
11937 Knoefler Drive
$1,750,000
$407/SF
Building Size
4,290 SF
Asset Type
MultiFamily
Closing
Oct 27, 2023
About this deal
AI
A multifamily property located at 11937 Knoefler Drive in Riverside has been sold for a price of $1,750,000. The property consists of 7 units with an average price per unit of $250,000. The total square footage of the property is 4,290, with a price per square foot of $408.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,750,000
- Address: 11937 Knoefler Drive
- Market: Riverside
- Units: 7
- Price Per Unit: $250,000
- Square Footage: 4,290
- Price Per Square Foot: $408
The buyers of the property are Minyong Wu and Qiuyun Wang. They acquired the property from Anthony Sun and Ivan Chan. The seller's representatives in the deal were Eric Chen and Blake Torgerson from CBRE.
Riverside MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Eric Chen to view all their deals.
Browse Riverside multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.06%
Cash-on-Cash
-2.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93