Joel Rico Sells 8-Unit Multifamily In Desert Hot Springs For $1.1M
SOLD
$1,100,000
California
See Similar DealsMultiFamily5,120 SF
Sold 12/14/2021
SOLD
Joel Rico Sells 8-Unit Multifamily In Desert Hot Springs For $1.1M
13548 Caliente Drive, Desert Hot Springs, California 92240, United States
See Similar DealsMultiFamily5,120 SF
Sold 12/14/2021
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$214
Total Square Footage:5,120 SF
Transaction Type:Sale
The multifamily property located at 13548 Caliente Dr. in Desert Hot Springs has been sold for a price of $1,100,000. The property consists of 8 units, with an average price per unit of $137,500. It spans a total area of 5,120 square feet, resulting in a price per square foot of $214.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,100,000
- Units: 8
- Price per Unit: $137,500
- Square Footage: 5,120
- Price per Square Foot: $214
The seller of the property was Joel Rico. The transaction was facilitated by Evan Weiss from Weiss CRE and Elizabeth Clark & Tai Kagehiro from Compass Commercial.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$58,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,908.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,214.56
Annual Debt Service$62,574.73
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