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
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