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James V. Carter Of Apartment Realty Group Represents Buyer In National City Multifamily Sale For $2.51M

Property Image
SOLD
$2,510,000

California

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MultiFamily4,928 SF
Sold 10/24/2025
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Property Image
SOLD

James V. Carter Of Apartment Realty Group Represents Buyer In National City Multifamily Sale For $2.51M

1227 Coolidge Avenue

See Similar Deals
MultiFamily4,928 SF
Sold 10/24/2025
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$509
Total Square Footage:4,928 SF
Transaction Type:Sale

The asset involved in this transaction is a MultiFamily property located at 1227 Coolidge Avenue in National City. The sale price for the property was $2,510,000, which breaks down to a price per unit of $251,000 for its 10 units. The total square footage of the asset is 4,928, resulting in a price per square foot of $509.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $2,510,000
  • Units: 10
  • Price Per Unit: $251,000
  • Square Footage: 4,928
  • Price Per Square Foot: $509
  • Buyer's Representative: James V. Carter - Apartment Realty Group (ARG)
  • Seller's Representative: Jordan Concepcion

The key individuals involved in the transaction include James V. Carter, who represented the buyer through Apartment Realty Group (ARG), and Jordan Concepcion, who represented the seller. Their roles were instrumental in facilitating the completion of this multi-family property sale.

Players

James V. Carter
12 deals$60M volume(619) 784-1031
BROKER

Jordan Concepcion
3 deals$11.3M volume
BROKER

Apartment Realty Group (ARG)
BROKERAGE

Details

SOLD
IMAGE: James V. Carter & Jordan Concepcion DATE: 10/24/2025 ADDRESS: 1227 Coolidge Avenue MARKET: National City ASSET TYPE: MultiFamily BUYER'S REP: James V. Carter (@JamesvCarter) - Apartment Realty Group (ARG) (@ApartmentRealty) SELLER'S REP: Jordan Concepcion (@JordanC1904) SALE PRICE: $2,510,000 UNITS: 10 ~ PPU: $251,000 SF: 4,928 ~ PPSF: $509

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$133,866.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,917.49
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,898.68
Annual Debt Service$142,784.17