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1320 Felspar St San Diego, ...

KHC Partners LLC Sells Multifamily Property In San Diego's Pacific Beach For $4.2M
SOLDMultiFamily

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

Carson Trujillo

WHITEWATER Commercial Real Estate

Broker

$61.4M

vol

8 deals

Broker

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