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
National City 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
6.32%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93