KHC Partners LLC Sells Multifamily Property In San Diego's Pacific Beach For $4.2M
1320 Felspar St San Diego, CA 92109, USA
$4,185,000
Building Size
—
Asset Type
MultiFamily
Closing
Jul 20, 2023
AI
A seven-unit apartment property located at 1320 Felspar Street in San Diego's Pacific Beach neighborhood has been sold for $4,185,000. The property, owned by KHC Partners LLC, offers a mix of unit types and underwent recent updates, which contributed to its quick sale.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,185,000
- Address: 1320 Felspar Street
- Market: San Diego
The buyer's representative for this transaction was Anelia Genchev from Century 21 Affiliated, while Carson Trujillo from Marcus & Millichap served as the seller's representative. The deal reflects the expertise and connectivity these professionals bring to the table.
It's worth noting that the property's updates and desirable location in Pacific Beach likely contributed to the successful sale.
Players
Los Angeles 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
3.79%
Cash-on-Cash
-1.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93