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151 S Myers St, Oceanside, ...

Multifamily Property In San Diego Sold For $11M With Angelo La Bruna - Apartment Realty Group (ARG)
SOLDMultiFamily

Multifamily Property In San Diego Sold For $11M With Angelo La Bruna - Apartment Realty Group (ARG)

151 S Myers St, Oceanside, CA 92054

$11,000,000

$806/SF

Building Size

13,633 SF

Asset Type

MultiFamily

Closing

Jul 15, 2022

AI

The multifamily property located at 151, 203-205, 211, 215, and 217 S. Myers St. in San Diego has been sold for a total price of $11,000,000. The property consists of 24 units with an average price per unit of $458,333. The total square footage of the property is 13,633, with a price per square foot of $806.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $11,000,000
  • Units: 24
  • Price per Unit: $458,333
  • Square Footage: 13,633
  • Price per Square Foot: $806
  • Address: 151, 203-205, 211, 215 & 217 S. Myers St., San Diego
  • Market: San Diego

The sale of this multifamily property was facilitated by Angelo La Bruna from Apartment Realty Group (ARG).

Players

Angelo La Bruna

Apartment Realty Group (ARG)

Broker

$88.6M

vol

14 deals

Broker

Oceanside MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.44%

Cash-on-Cash

-0.41%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93