Updated Dec 4, 2024
Polak Properties LLC Sells Six-Unit Multifamily Property In San Diego For $1.9M
2030 Kearny Avenue
$1,900,000
Units
6
Asset Type
MultiFamily
Closing
Jul 15, 2024
About this deal
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.
On the Map
$1,900,000
MultiFamily
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Players
San Diego 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
8.35%
Cash-on-Cash
-2.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93