Marcus & Millichap Facilitates Sale Of Chateau De Ville Multifamily In Anaheim For $79.1M
2020 West Alameda Avenue
$79,076,710
Building Size
—
Asset Type
MultiFamily
Closing
Feb 22, 2024
AI
Chateau de Ville is a 254-unit multifamily property located at 2020 West Alameda Avenue in Anaheim, California. The property spans 9 acres and was recently sold for $79,076,710 in a transaction facilitated by brokers Matt Kipp and Tyler Leeson from Marcus & Millichap.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $79,076,710
- Units: 254
- Price Per Unit: $311,326
- Address: 2020 West Alameda Avenue
- Market: Anaheim
Tyler Leeson and Matt Kipp played key roles in the sale of Chateau de Ville. The transaction highlighted the property's amenities, strategic location near major employers and educational institutions, and Orange County's robust rental market.
Players
Anaheim 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
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93