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1227 Coolidge Avenue

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

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

1227 Coolidge Avenue

$2,510,000

$509/SF

Building Size

4,928 SF

Asset Type

MultiFamily

Closing

Oct 24, 2025

AI

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

Apartment Realty Group (ARG)

Broker

$60M

vol

12 deals

Broker
Apartment Realty Group (ARG)
Apartment Realty Group (ARG)Brokerage

National City MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.32%

Cash-on-Cash

-1.81%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93