Tsz Tim Tse Purchases Alhambra Multifamily Property For $1.28M With Representation From Jonathan Koo And Richie Herrera
SOLD
$1,280,000
California
See Similar DealsMultiFamily2,810 SF
Sold 11/19/2024
SOLD
Tsz Tim Tse Purchases Alhambra Multifamily Property For $1.28M With Representation From Jonathan Koo And Richie Herrera
1618 Front Street
See Similar DealsMultiFamily2,810 SF
Sold 11/19/2024
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$455
Total Square Footage:2,810 SF
Transaction Type:Sale
The property involved in this transaction is a multifamily asset located at 1618 Front Street in Alhambra. It features a total of 4 units with a sale price of $1,280,000. The total square footage is 2,810, which results in a price per square foot of $455 and a price per unit of $320,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,280,000
- Units: 4
- Square Footage: 2,810
- Price Per Unit: $320,000
- Price Per Square Foot: $455
- Buyer: Tsz Tim Tse
- Seller: Arturo Mayoral
- Buyer's Representative: Jonathan Koo - Keller Williams Realty
- Seller's Representative: Richie Herrera - JohnHart Real Estate
Tsz Tim Tse acted as the buyer in this transaction, with representation provided by Jonathan Koo from Keller Williams Realty. The seller, Arturo Mayoral, was represented by Richie Herrera from JohnHart Real Estate, facilitating the overall agreement between both parties.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$68,266.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,547.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,067.85
Annual Debt Service$72,814.24
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