facebook
Traded Co logo
Submit
Daily limit: 0/10

Marcus & Millichap Brokers $4.8M Sale Of Baseline Apartments In San Dimas

Property Image
SOLD
$4,825,000
Douglas McCauley
David Covarrubias

California

See Similar Deals
MultiFamily
Sold 04/28/2023
the dealplayerscompscontact
Property Image
SOLD

Marcus & Millichap Brokers $4.8M Sale Of Baseline Apartments In San Dimas

144 E Baseline Rd San Dimas, CA 91773, USA

See Similar Deals
MultiFamily
Sold 04/28/2023
Douglas McCauley
David Covarrubias
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale

Marcus & Millichap has brokered the sale of Baseline Apartments, a 16-unit apartment property located at 144 & 150 E Baseline Rd. in San Dimas, California, for $4,825,000. The property spans two parcels totaling 0.86 acres and offers a mix of two and three-bedroom units. It was marketed as having an outstanding location and a high barrier to entry.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $4,825,000
  • Units: 16
  • Price Per Unit (PPU): $301,563
  • Address: 144 & 150 E Baseline Rd
  • Market: San Dimas
  • Acres: 0.86

The sale of Baseline Apartments was facilitated by Douglas McCauley & David Covarrubias, brokers from Marcus & Millichap.

Players

Douglas McCauley
Marcus & Millichap
Douglas McCauley
9 deals$72.1M volume
BROKER
David Covarrubias
Marcus & Millichap
David Covarrubias
9 deals$72.1M volume
BROKER

Details

SOLD
IMAGE: Douglas McCauley & David Covarrubias DATE: 04/28/2023 ADDRESS: 144 & 150 E Baseline Rd MARKET: San Dimas ASSET TYPE: Multifamily ~ ACRES: 0.86 BROKERS: Douglas McCauley & David Covarrubias - Marcus & Millichap (@MarcusMillichapLosAngeles) SALE PRICE: $4,825,000 UNITS: 16 ~ PPU: $301,563 NOTE: Marcus & Millichap has brokered the sale of Baseline Apartments, a 16-unit apartment property located at 144 & 150 E Baseline Rd. in San Dimas, California, for $4,825,000. The property, which spans two parcels totaling 0.86 acres and offers a mix of two and three-bedroom units, was marketed as having an outstanding location and a high barrier to entry.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$257,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$17,142.21
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,872.96
Annual Debt Service$274,475.54