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Javier Morro Purchases Redlands Multifamily Property From Jeff Capen For $1.74M

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SOLD
$1,737,500

California

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MultiFamily5,200 SF
Sold 12/17/2024
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Property Image
SOLD

Javier Morro Purchases Redlands Multifamily Property From Jeff Capen For $1.74M

205 West Fern Avenue

See Similar Deals
MultiFamily5,200 SF
Sold 12/17/2024
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$334
Total Square Footage:5,200 SF
Transaction Type:Sale

The property asset involved in the transaction is a multifamily building located at 205 West Fern Avenue in the Redlands market. The sale price for the asset was $1,737,500, comprising 8 units. The total square footage of the property is 5,200, resulting in a price per unit of $217,187 and a price per square foot of $334.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,737,500
  • Units: 8
  • Square Footage: 5,200
  • Price Per Unit: $217,187
  • Price Per Square Foot: $334
  • Buyer: Javier Morro
  • Seller: Jeff Capen
  • Seller's Representative: Eric Chen, Blake Torgerson & Kevin Sin - CBRE

This transaction highlights the involvement of key individuals such as buyer Javier Morro and seller Jeff Capen. The seller was represented by Eric Chen, Blake Torgerson, and Kevin Sin from CBRE, who facilitated the deal in the multifamily sector within the Redlands market.

Players

Blake Torgerson
48 deals$286.1M volume(714) 222-0696
BROKER

Eric Chen
CBRE
108 deals$886.6M volume(626) 757-5717
BROKER

Kevin Sin
CBRE
21 deals$126.6M volume
BROKER

Details

SOLD
IMAGE: Eric Chen, Blake Torgerson & Kevin Sin DATE: 12/17/2024 ADDRESS: 205 West Fern Avenue MARKET: Redlands ASSET TYPE: Multifamily BUYER: Javier Morro SELLER: Jeff Capen SELLER'S REP: Eric Chen (@Eric_c_Chen), Blake Torgerson (@BlakeTorg32) & Kevin Sin (@KevinkSin) - CBRE (@CBRE) SALE PRICE: $1,737,500 UNITS: 8 ~ PPU: $217,187 SF: 5,200 ~ PPSF: $334

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$92,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,172.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,236.64
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