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
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