CBRE Closes $10M Sale Of Courtyard Apartments In Westminster
13872 La Pat Pl Westminster, CA 92683, USA
$10,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Jun 19, 2023
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.
Players
Los Angeles 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
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93