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1618 Front Street

Tsz Tim Tse Purchases Alhambra Multifamily Property For $1.28M With Representation From Jonathan Koo And Richie Herrera
SOLDMultiFamily

Tsz Tim Tse Purchases Alhambra Multifamily Property For $1.28M With Representation From Jonathan Koo And Richie Herrera

1618 Front Street

$1,280,000

$455/SF

Building Size

2,810 SF

Asset Type

MultiFamily

Closing

Nov 19, 2024

AI

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:

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.

Players

Richie Herrera

JohnHart Real Estate

Broker

$1.3M

vol

1 deal

Broker

Alhambra 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

12.39%

Cash-on-Cash

-3.54%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93