Multifamily Property In San Diego Sold For $11M With Angelo La Bruna - Apartment Realty Group (ARG)
SOLD
$11,000,000
California
See Similar DealsMultiFamily13,633 SF
Sold 07/15/2022
SOLD
Multifamily Property In San Diego Sold For $11M With Angelo La Bruna - Apartment Realty Group (ARG)
151 S Myers St, Oceanside, CA 92054
See Similar DealsMultiFamily13,633 SF
Sold 07/15/2022
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$806
Total Square Footage:13,633 SF
Transaction Type:Sale
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).
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$586,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$39,080.67
Cash-on-Cash Return-1.27%
Monthly Debt Service$52,145.61
Annual Debt Service$625,747.34
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