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1211 W 6th St Corona, CA 92...

Clear Capital Acquires 76-Unit Multifamily Property In Corona For $19.4M
SOLDMultiFamily

Clear Capital Acquires 76-Unit Multifamily Property In Corona For $19.4M

1211 W 6th St Corona, CA 92882, USA

$19,400,000

Building Size

Asset Type

MultiFamily

Closing

Jun 28, 2023

AI

Clear Capital has acquired Aspire Corona, a 76-unit apartment property in Corona, California, for $19.4 million. The property offers one- and two-bedroom units, community amenities, and convenient access to Route 91 and local retail options.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $19,400,000
  • Address: 1211 West 6th Street, Corona, California
  • Market: Corona
  • Units: 76
  • Price Per Unit: $255,263

The buyer, Clear Capital, was represented by Duane Andrews. The seller in the transaction was Sharo Khastoo.

Players

CC
Clear CapitalBuyer

Sharo Khastoo

Seller

$19.4M

vol

3 deals

Seller

Los Angeles 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

0.82%

Cash-on-Cash

-0.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93