Northmarq’s Peter Hauser represents Srinivas Yalamanchili in the Sale of $12.37M Multifamily Property in Azusa
SOLD
$12,375,000
California
See Similar DealsMultiFamily45,400 SF
Sold 03/07/2025
SOLD
Northmarq’s Peter Hauser represents Srinivas Yalamanchili in the Sale of $12.37M Multifamily Property in Azusa
1285 San Gabriel Avenue
See Similar DealsMultiFamily45,400 SF
Sold 03/07/2025
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$272
Total Square Footage:45,400 SF
Transaction Type:Sale
The asset involved in this transaction is a MultiFamily property located at 1285 San Gabriel Avenue in Azusa. The property was sold for a total price of $12,375,000.00 and comprises 56 units with a total square footage of 45,400.0.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $12,375,000.00
- Address: 1285 San Gabriel Avenue
- Market: Azusa
- Units: 56
- Square Footage: 45,400.0
- Buyer: Srinivas Yalamanchili
- Seller: Arnie Richter
Srinivas Yalamanchili acted as the buyer in this transaction, while Arnie Richter represented the seller. This transaction marks another successful closure in the property market, highlighting the ongoing activity within the real estate sector.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$660,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$43,965.76
Cash-on-Cash Return-1.27%
Monthly Debt Service$58,663.81
Annual Debt Service$703,965.76
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