KingSide Group Acquires Multifamily Property In San Gabriel Valley For $1.79M
18 East Woodward Avenue, Manteca, San Joaquin, CA, USA
$1,790,000
$398/SF
Building Size
4,489 SF
Asset Type
MultiFamily
Closing
Dec 27, 2018
AI
The multifamily property located at 18 East Woodward Avenue in San Gabriel Valley has been sold for $1,790,000. The property spans 4,489 square feet and has a cap rate of 2.42% and a GRM of 20.72. This sale marks the highest GRM and lowest cap rate ever for a 1950's construction building in Alhambra.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,790,000
- Square Footage: 4,489
- Cap Rate: 2.42%
- GRM: 20.72
Daniel Shon, Salleh Beitollahi, and Andres Diaz from KingSide Group were the brokers involved in the transaction.
Players
Manteca 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
8.86%
Cash-on-Cash
-2.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93