Positive Investments Sells Multifamily Property In Compton For $11.5M To Mark Silber
SOLD
$11,500,000
+ 1
California
See Similar DealsMultiFamily493,560 SF
Sold 09/03/2020
SOLD
Positive Investments Sells Multifamily Property In Compton For $11.5M To Mark Silber
1501 E Kay St, Compton, CA 90221, USA
See Similar DealsMultiFamily493,560 SF
Sold 09/03/2020
+ 1
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$23
Total Square Footage:493,560 SF
Transaction Type:Sale
The multifamily property located at 1501-1701 Kay St in Compton has been sold in a recent transaction. The property spans a total of 49,356 square feet and consists of 66 units. The sale price for this asset was $11,500,000, resulting in a price per square foot of $233. The buyer, Mark Silber, acquired the property from the seller, Positive Investments. The transaction had a capitalization rate of 5.10%.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $11,500,000
- Square Footage: 49,356
- Price per Square Foot: $233
- Number of Units: 66
- Price per Unit: $174,242
- Capitalization Rate: 5.10%
The sale of this multifamily property was facilitated by brokers Jonathan Weir, Steve Bogoyevac, and Jessica Wright. They represented their respective clients and were instrumental in closing the deal successfully.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$613,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$40,857.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$54,515.87
Annual Debt Service$654,190.40
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