KingSide Group Acquires Multifamily Property In San Gabriel Valley For $1.79M
SOLD
$1,790,000
California
See Similar DealsMultiFamily4,489 SF
Sold 12/28/2018
SOLD
KingSide Group Acquires Multifamily Property In San Gabriel Valley For $1.79M
18 East Woodward Avenue, Manteca, San Joaquin, CA, USA
See Similar DealsMultiFamily4,489 SF
Sold 12/28/2018
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$398
Total Square Footage:4,489 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$95,466.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,359.48
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,485.51
Annual Debt Service$101,826.16
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