Sam Kuiumdjian Matthew Ellis Matt Jacobs Guy Penini Acquire Multifamily Asset In Anaheim For $108M
1200 North Robin Street
$108,000,000
$328/SF
Building Size
329,280 SF
Asset Type
MultiFamily
Closing
Feb 26, 2025
AI
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
Anaheim 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
0.15%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93