Updated Oct 29, 2024
Clear Capital Acquires 76-Unit Multifamily Property In Corona For $19.4M
1211 W 6th St Corona, CA 92882, USA
$19,400,000
Units
76
Asset Type
MultiFamily
Closing
Jun 28, 2023
About this deal
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.
The multifamily sale at 1211 W 6th St Corona, CA 92882, USA in Los Angeles, California sold for $19.4M in 2023. Reported inventory is 76 units across 76 units. Named participants on the 1211 W 6th St Corona, CA 92882, USA sale are Sharo Khastoo. This page is the Los Angeles, California file for the 1211 W 6th St Corona, CA 92882, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Los Angeles sit in the Market section below. Filter that Los Angeles multifamily set by closing date to see what else sold near 1211 W 6th St Corona, CA 92882, USA around 2023. Published consideration for 1211 W 6th St Corona, CA 92882, USA is $19.4M, dated 2023. Cite this Clear Capital Acquires 76-Unit Multifamily Property In Corona For $19.4M sale when underwriting similar multifamily product around Los Angeles, California.
On the Map
$19,400,000
MultiFamily
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Los Angeles MultiFamily Market Snapshot
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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