Sea Breeze LLC Acquires Multifamily Property In Seaside For $25.5M
SOLD
$25,500,000
California
See Similar DealsMultiFamily98,105 SF
Sold 04/08/2020
SOLD
Sea Breeze LLC Acquires Multifamily Property In Seaside For $25.5M
1881 Baker St, Seaside, CA, USA
See Similar DealsMultiFamily98,105 SF
Sold 04/08/2020
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$259
Total Square Footage:98,105 SF
Transaction Type:Sale
Sea Breeze LLC has acquired a multifamily property located at 1881 Baker St in Seaside. The transaction, facilitated by Eduardo Cerna of Marcus & Millichap, took place on April 8, 2020. The property spans approximately 98,105 square feet and consists of 121 units.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $25,500,000
- Address: 1881 Baker St, Seaside
- Market: Seaside
Eduardo Cerna from Marcus & Millichap represented Sea Breeze LLC in this acquisition. The seller, 1050 1. 12th St. LLC, successfully closed the deal at a price of $25,500,000, with a price per square foot of $259. The purchase price per unit amounts to $210,743.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,360,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$90,596.11
Cash-on-Cash Return-1.27%
Monthly Debt Service$120,883.01
Annual Debt Service$1,450,596.11
Is there something missing? Send suggestions