David E. Jacobson Acquires 16-Unit Multifamily Property In Rampart Village For $3.4M

Located at 131 S. Occidental Blvd. in Rampart Village, this multifamily property was recently sold in a closed transaction on June 25, 2021. The property, captured beautifully in an image by David E. Jacobson, features 16 units with a total square footage of 14,139. The sale price for this property was $3,434,500, with an asking price of $3,650,000, resulting in a final per unit price of $214,656. The price per square foot (PPSF) for this asset was calculated to be $242, and the capitalization rate (CAP) was 4.12%.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,434,500
• Units: 16
• Total Square Footage: 14,139
• Asking Price: $3,650,000
• Price Per Unit (PPU): $214,656
• Price Per Square Foot (PPSF): $242
• Capitalization Rate (CAP): 4.12%

The buyer in this transaction was David E. Jacobson, and the broker representing him was Dustin Dahan.