Updated Dec 21, 2023
CBRE Sells Multifamily Property In Huntington Beach For $5M
221 10th Street, Huntington Beach, California 92648, United States
$5,000,000
$693/SF
Building Size
7,214 SF
Asset Type
MultiFamily
Closing
Jun 2, 2022
About this deal
AI
The multifamily property located at 221 10th St. in Huntington Beach has been sold for a transaction amount of $5,000,000. The sale was facilitated by Dan Blackwell and Mike O’Neill of CBRE. The property consists of 9 units, with a price per unit (PPU) of $528,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,000,000
- Address: 221 10th St.
- Market: Huntington Beach
- Seller's Representative: Dan Blackwell & Mike O'Neill - CBRE
- Units: 9
- Price Per Unit (PPU): $528,000
The sale of this multifamily property in Huntington Beach was facilitated by Dan Blackwell and Mike O’Neill of CBRE. They represented the seller in the transaction and successfully closed the deal. The property consists of 9 units, offering a significant investment opportunity in the desirable Huntington Beach market.
Players
Huntington Beach 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
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93