Updated Oct 28, 2024
MG Properties Acquires Multifamily Property In Orange County For $130M
150 East Crowther Avenue, Placentia, California 92870, United States
$130,000,000
Units
215
Asset Type
MultiFamily
Closing
May 9, 2022
About this deal
AI
The multifamily property located at 150 East Crowther Avenue in Orange County has been sold for a total of $130,000,000. The property consists of 215 units, making the price per unit $605,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $130,000,000
- Address: 150 East Crowther Avenue
- Market: Orange County
The buyer of the property is MG Properties, while the seller is Lyon Living, represented by Frank Suryan Jr. and Integral Communities.
The multifamily sale at 150 East Crowther Avenue, Placentia, California 92870, United States in Placentia, California sold for $130M in 2022. Reported inventory is 215 units across 215 units. This page is the Placentia, California file for the 150 East Crowther Avenue, Placentia, California 92870, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Placentia sit in the Market section below. Filter that Placentia multifamily set by closing date to see what else sold near 150 East Crowther Avenue, Placentia, California 92870, United States around 2022. Published consideration for 150 East Crowther Avenue, Placentia, California 92870, United States is $130M, dated 2022. Cite this MG Properties Acquires Multifamily Property In Orange County For $130M sale when underwriting similar multifamily product around Placentia, California.
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Placentia MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.12%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93