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:
- 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.
Players
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