La Jolla Pacific Consultants LLC Acquires 7-Unit MultiFamily In Imperial Beach For $1.833M
1451 Hemlock Avenue Imperial Beach, California 91932, USA
$1,833,000
Building Size
—
Asset Type
MultiFamily
Closing
Jun 16, 2023
AI
Marcus & Millichap has sold a seven-unit apartment property located at 1451 Hemlock Ave in Imperial Beach for $1,833,000. The property features six two-bedroom units, one one-bedroom unit, ample parking, a communal laundry area, and low-maintenance landscaping.
Summary of transaction details
- Property Type: MultiFamily
- Transaction Amount: $1,833,000
- Units: 7
- Price Per Unit: $261,857
- Date: 06/16/2023
- Address: 1451 Hemlock Avenue, Imperial Beach
- Buyer: La Jolla Pacific Consultants LLC
- Brokers: Aaron Bove - Marcus & Millichap
The sale, facilitated by Aaron Bove from Marcus & Millichap, marks the successful transaction of the property.
Players
East Meadow 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
8.65%
Cash-on-Cash
-2.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93