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1829 E Workman Ave, West Co...

Langdon Park Capital Acquires Property In West Covina For $48.6 Million With Dean Zander As Seller's Rep
SOLDMultiFamily

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

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.

Players

Dean Zander

Newmark

Broker

$2.1B

vol

34 deals

Broker
LC
Langdon Park CapitalBuyer

West Covina MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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