Updated Oct 29, 2024
Langdon Park Capital Acquires Property In West Covina For $48.6 Million With Dean Zander As Seller's Rep
1829 E Workman Ave, West Covina, C...
$48,600,000
Building Size
—
Asset Type
MultiFamily
Closing
Aug 11, 2022
About this deal
AI
The property involved in this transaction is located at 1829 E Workman Ave, West Covina, CA. It has been sold for a total of $48,600,000.00. This property is situated within the West Covina market and has a square footage of 0.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $48,600,000.00
- Address: 1829 E Workman Ave, West Covina, CA
- Market: West Covina
- Seller's Representative: Dean Zander - CBRE
- Buyer: Langdon Park Capital
Dean Zander of CBRE represented the seller in the transaction, while Langdon Park Capital acted as the buyer, facilitating the completion of this sale in the West Covina area.
On the Map
$48,600,000
MultiFamily
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Players
West Covina 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
0.33%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93