Updated Oct 29, 2024
Meta Housing Acquires Multifamily Property In Garden Grove For $19.85M
12721 Garden Grove Blvd, Garden Grove, CA, USA
$19,850,000
$3,308/SF
Building Size
6,000 SF
Asset Type
MultiFamily
Closing
Feb 9, 2021
About this deal
AI
A multifamily property located at 12721 Garden Grove Blvd in Garden Grove has recently been sold for a total price of $19,850,000. The property consists of 85 units, with each unit valued at an average of $233,529.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $19,850,000
- Address: 12721 Garden Grove Blvd
- Market: Garden Grove
The buyer of this property is Meta Housing, a well-known real estate company. The deal was facilitated by Daryl Carter from Avanath Capital Management LLC, who represented Meta Housing as their broker.
On the Map
$19,850,000
$3,308/SF
MultiFamily
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Players
Garden Grove 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
0.80%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93