Updated Sep 9, 2024
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
About this deal
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