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1653 North Cypress Street, ...

Dolly Gee, Kelsey Harris & Kelvin Gee Acquire La Habra Heights Multifamily For $1.98M
SOLDMultiFamily

Dolly Gee, Kelsey Harris & Kelvin Gee Acquire La Habra Heights Multifamily For $1.98M

1653 North Cypress Street, La Habra Heights, California 90631, United States

$1,980,000

$554/SF

Building Size

3,568 SF

Asset Type

MultiFamily

Closing

Sep 6, 2022

AI

A multifamily property located at 1653 N Cypress St in La Habra Heights, CA has been sold for a price of $1,980,000. The property consists of 2 units with a total square footage of 3,568. The price per unit is $990,000, while the price per square foot is $555.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,980,000
  • Address: 1653 N Cypress St, La Habra Heights, CA
  • Units: 2
  • Square Footage: 3,568
  • Price per Unit: $990,000
  • Price per Square Foot: $555

The buyers of the property are Dolly Gee, Kelsey Harris, and Kelvin Gee. The seller is Ramses Garcia. Dolly Gee was represented by Cassandra Petersen from Coldwell Banker, while Kelsey Harris was represented by Geoffrey Frid from Compass. The seller was represented by Marcus Ibrahim from EXP Realty.

Players

Cassandra Petersen

Coldwell Banker

Broker

$54M

vol

7 deals

Broker

La Habra Heights 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

8.01%

Cash-on-Cash

-2.29%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93