Meta Housing Acquires Multifamily Property In Garden Grove For $19.85M
SOLD
$19,850,000
California
See Similar DealsMultiFamily6,000 SF
Sold 02/10/2021
SOLD
Meta Housing Acquires Multifamily Property In Garden Grove For $19.85M
12721 Garden Grove Blvd, Garden Grove, CA, USA
See Similar DealsMultiFamily6,000 SF
Sold 02/10/2021
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$3,308
Total Square Footage:6,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,058,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$70,522.87
Cash-on-Cash Return-1.27%
Monthly Debt Service$94,099.13
Annual Debt Service$1,129,189.52
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