Swordfish Re Investments Acquires Multifamily Property In Hawaiian Gardens For $1.44M
12120 215th Street, Hawaiian Gardens, CA 90716, USA
$1,440,000
$209/SF
Building Size
6,871 SF
Asset Type
MultiFamily
Closing
Aug 23, 2021
AI
The multifamily property located at 12120 215th Street in Hawaiian Gardens has been sold. The transaction took place on August 23, 2021. The property was purchased by Swordfish Re Investments, represented by Bill Mulkey. The sellers, Brian Weltzien and Mary Ann Weltzien, were represented by brokers Jack McCann and Jack Patel.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,440,000
- Address: 12120 215th Street
- Market: Hawaiian Gardens
Swordfish Re Investments, led by Bill Mulkey, acquired the property at a sale price of $1,440,000. The property spans a total area of 6,871 square feet, resulting in a price per square foot of $209. This successful transaction was facilitated by brokers Jack McCann and Jack Patel, who represented both the buyer and the sellers.
Players
Hawaiian Gardens 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
11.02%
Cash-on-Cash
-3.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93