Updated Dec 21, 2023
Surapol Mekpongsatorn & Valliya Mekpongsatorn Purchase Mentone Multifamily Property For $1.875M
1358 Jasper Avenue, Mentone, CA, USA
$1,875,000
$187/SF
Building Size
10,004 SF
Asset Type
MultiFamily
Closing
Jun 4, 2020
About this deal
AI
An 11-unit multifamily property located at 1358 Jasper Avenue in Mentone has been sold for $1,875,000. The sale, which took place on 06/04/2021, was facilitated by brokers Eric Chen and Blake Torgerson. The property spans 10,004 square feet and has a price per square foot of $187. The sale price per unit was $170,454, resulting in a gross rent multiplier (GRM) of 13.06x. The capitalization rate (CAP) for the property is 4.41%.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,875,000
- Address: 1358 Jasper Avenue
- Market: Mentone
The seller, Robert Spyksma and Sarah Spyksma, sold the property to Surapol Mekpongsatorn and Valliya Mekpongsatorn.
Mentone 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
8.46%
Cash-on-Cash
-2.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93