Updated Sep 9, 2024
CBRE Closes $10M Sale Of Courtyard Apartments In Westminster
13872 La Pat Pl Westminster, CA 92683, USA
$10,000,000
Units
30
Asset Type
MultiFamily
Closing
Jun 19, 2023
About this deal
AI
Courtyard Apartments at La Pat Place, a 30-unit multifamily community in Westminster, has been sold for $10 million. The property, located at 13872 La Pat Place, offers remodeled units, private patios, and an in-place Ratio Utility Billing System (RUBS) for cost savings.
Summary of transaction details
- Property Type: MultiFamily
- Transaction Amount: $10,000,000
- Units: 30
- Price Per Unit: $333,333
- Brokers: Dan Blackwell & Andrew Boukather - CBRE
The sale of Courtyard Apartments at La Pat Place was facilitated by CBRE, with Dan Blackwell and Andrew Boukather representing the parties involved in the deal.
On the Map
$10,000,000
MultiFamily
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93