facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

California

/

Multifamily

/

Sale

/

1356 West Stoneridge Court

David Jackson Acquires Multifamily Property On W. Stoneridge Ct. For $1.93M
SOLDMultiFamily

David Jackson Acquires Multifamily Property On W. Stoneridge Ct. For $1.93M

1356 West Stoneridge Court

$1,930,000

$366/SF

Building Size

5,273 SF

Asset Type

MultiFamily

Closing

Jul 19, 2022

AI

The multifamily property located at 1356 W. Stoneridge Ct. in the Inland Empire was recently sold for a total price of $1,930,000. The property consists of 8 units, with a price per unit of $241,2500. The total square footage of the property is 5,273, resulting in a price per square foot of $366.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,930,000
  • Units: 8
  • Price Per Unit: $241,2500
  • Square Footage: 5,273
  • Price Per Square Foot: $366
  • Address: 1356 W. Stoneridge Ct.
  • Market: Inland Empire

The buyer of the property is David Jackson, while the seller is Matthew Chieh-Yen Lee and Wendy Lie-Yueh, representing the Lee Family Trust. The transaction was facilitated by brokers Eric Chen and Blake Torgerson from CBRE.

Players

Blake Torgerson

CBRE

Broker

$286.1M

vol

48 deals

Broker

David Jackson

Northridge Capital

Buyer

$3.6M

vol

3 deals

Buyer

Fairview Township MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

8.22%

Cash-on-Cash

-2.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93