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
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.
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