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12120 215th Street, Hawaiia...

Swordfish Re Investments Acquires Multifamily Property In Hawaiian Gardens For $1.44M
SOLDMultiFamily

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

Jack McCann

Broker

$1.4M

vol

1 deal

Broker

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