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David Sedillo Acquires San Diego Multifamily At 1707 Chalcedony Street For $6.35M

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SOLD
$6,350,000

California

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MultiFamily11,888 SF
Sold 11/27/2024
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Property Image
SOLD

David Sedillo Acquires San Diego Multifamily At 1707 Chalcedony Street For $6.35M

1707 Chalcedony Street

See Similar Deals
MultiFamily11,888 SF
Sold 11/27/2024
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$534
Total Square Footage:11,888 SF
Transaction Type:Sale

The transaction involved a multifamily property located at 1707 Chalcedony Street in the San Diego market. The property sold for $6,350,000 and consists of 16 units, with a price per unit of $396,875. The total square footage of the asset is 11,888, resulting in a price per square foot of $534.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $6,350,000
  • Units: 16
  • Price Per Unit: $396,875
  • Square Footage: 11,888
  • Price Per Square Foot: $534
  • Buyer: David Sedillo
  • Seller: Victor Laruccia
  • Buyer's Representative: Abe Peay & Jeff Diller - South Coast Commercial

Abe Peay and Jeff Diller represented the buyer, David Sedillo, in this transaction, while Victor Laruccia acted as the seller. The deal reflects the efforts of the involved parties in negotiating the sale of the multifamily asset.

Players

Abe Peay
7 deals$41.2M volume(858) 284-0371
BROKER

Jeff Diller
BridgePoint Realty, Inc
5 deals$33.6M volume(714) 474-4495
BROKER

Details

SOLD
IMAGE: Abe Peay & Jeff Diller DATE: 11/27/2024 ADDRESS: 1707 Chalcedony Street MARKET: San Diego ASSET TYPE: Multifamily BUYER: David Sedillo SELLER: Victor Laruccia BUYER'S REP: Abe Peay & Jeff Diller - South Coast Commercial (@SouthCoastCommercialInc) SALE PRICE: $6,350,000 UNITS: 16 ~ PPU: $396,875 SF: 11,888 ~ PPSF: $534

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$22,560.21
Cash-on-Cash Return-1.27%
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