Polak Properties LLC Sells Six-Unit Multifamily Property In San Diego For $1.9M
2030 Kearny Avenue
$1,900,000
Building Size
—
Asset Type
MultiFamily
Closing
Jul 15, 2024
AI
The property asset involved in this transaction is a six-unit apartment building located at 2030 Kearny Avenue in San Diego. The sale price of the property was $1,900,000, which translates to a per unit price of $316,667. The property includes four one-bedroom units and two two-bedroom units, and it features upgraded amenities.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,900,000
- Units: 6
- Price Per Unit: $316,667
- Seller: Polak Properties LLC
- Broker: Aaron Bove - Marcus & Millichap
- Market: San Diego
- Sale Date: 07/15/2024
This transaction was facilitated by Marcus & Millichap, with Aaron Bove serving as the broker representing the seller. The closing of this deal reflects the continued interest in multifamily properties within the San Diego market.
Players
San Diego 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
8.35%
Cash-on-Cash
-2.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93