VMG Properties Sells Signal Hill Multifamily Property For $9.3M With Stepp Commercial Brokers
1867 Temple Avenue, Signal Hill, California 90755, United States
$9,325,000
$717,307/SF
Building Size
13 SF
Asset Type
MultiFamily
Closing
Aug 12, 2022
AI
A multifamily property located at 1867 Temple Avenue in Signal Hill, CA has been sold for a price of $9,325,000. The property consists of 24 units with an average price per unit of $388,542. The total square footage of the property is 13,849, resulting in a price per square foot of $673. The transaction took place on 12/08/2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $9,325,000
- Market: Signal Hill, CA
- Seller: VMG Properties
The sale was facilitated by brokers Robert Stepp and Michael Toveg from Stepp Commercial. The transaction resulted in a capitalization rate of 3.9%.
Players
Signal Hill 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
1.70%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93