Sunny Garden Apartments 2, LP Acquires Multifamily Property In La Puente For $17.9M
13712 Sunkist Dr, La Puente, L A, CA, USA
$17,900,000
$266/SF
Building Size
67,259 SF
Asset Type
MultiFamily
Closing
Apr 2, 2020
AI
The sale of a multifamily property in La Puente has been completed at an impressive price of $17,900,000. The property, located at 13712 Sunkist Dr, boasts a total square footage of 67,259. With a price per square foot of $266.14, the transaction equates to a per-unit price of $186,458 for its 96 units. This sale involved the transfer of ownership from the seller, La Puente Gardens, to the buyer, Sunny Garden Apartments 2, LP. The deal was facilitated by brokers Joshua Ross and Eli Appel.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $17,900,000
- Address: 13712 Sunkist Dr
- Market: La Puente
This transaction involved senior and affordable housing, with an expiring regulatory agreement. The sale of the property signifies an important milestone in the real estate market of La Puente.
Players
La Puente 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
0.89%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93