Updated Oct 28, 2024
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
About this deal
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.
On the Map
$1,930,000
$366/SF
MultiFamily
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Fairview Township 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
8.22%
Cash-on-Cash
-2.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93