Updated Sep 9, 2024
Marcus & Millichap Brokers $4.8M Sale Of Baseline Apartments In San Dimas
144 E Baseline Rd San Dimas, CA 91773, USA
$4,825,000
Units
16
Asset Type
MultiFamily
Closing
Apr 28, 2023
About this deal
AI
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
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Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.29%
Cash-on-Cash
-0.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93