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Sam Kuiumdjian Matthew Ellis Matt Jacobs Guy Penini Acquire Multifamily Asset In Anaheim For $108M

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SOLD
$108,000,000

California

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MultiFamily329,280 SF
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SOLD

Sam Kuiumdjian Matthew Ellis Matt Jacobs Guy Penini Acquire Multifamily Asset In Anaheim For $108M

1200 North Robin Street

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MultiFamily329,280 SF
Sold
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$328
Total Square Footage:329280 SF
Transaction Type:Sale

Park Vista Apartments is a multifamily asset located at 1200 North Robin Street in Anaheim. This property comprises 392 units and has a total square footage of 329,280. The sale price for the transaction was $108,000,000, which calculates to a price per unit of $275,510 and a price per square foot of $327.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $108,000,000
  • Units: 392
  • Square Footage: 329,280
  • Price Per Unit: $275,510
  • Price Per Square Foot: $327
  • Buyer: Sam Kuiumdjian, Matthew Ellis, Matt Jacobs, Guy Penini - BLDG Partners
  • Seller: Bethesda Holdings
  • Broker: Scott Melnick - Melnick Real Estate Advisors

The transaction reflects the involvement of BLDG Partners, represented by Sam Kuiumdjian, Matthew Ellis, Matt Jacobs, and Guy Penini. The representation of the seller, Bethesda Holdings, was conducted by Scott Melnick from Melnick Real Estate Advisors. The acquisition targets an affordable housing community under the LIHTC program.

Players

Scott Melnick
1 deal$108M volume(301) 943-0858
BROKER

Matt Jacobs
BLDG Partners
3 deals$183M volume
BUYER

BLDG Partners
BUYER


Details

SOLD
IMAGE: Matthew Ellis, Matt Jacobs, Guy Penini, Sam Kuiumdjian & Scott Melnick DATE: 02/26/2025 ADDRESS: 1200 North Robin Street MARKET: Anaheim ASSET TYPE: Multifamily BUYER: Sam Kuiumdjian (@Sam_Kuium), Matthew Ellis, Matt Jacobs & Guy Penini - BLDG Partners SELLER: Bethesda Holdings BROKER: Scott Melnick - Melnick Real Estate Advisors SALE PRICE: $108,000,000 UNITS: 392 ~ PPU: $275,510 SF: 329,280 ~ PPSF: $327 NOTE FROM BUYER: Park Vista Apartments is a 392-unit LIHTC affordable housing community.

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Deal Type
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Operating Expenses (Annual)
Net Operating Income (NOI)

$5,760,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$383,701.19
Cash-on-Cash Return-1.27%
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