Floit Properties Acquires San Diego Multifamily From Katz Family Limited Partnership
2265 Curlew Street, San Diego, California 92101, United States
$2,600,000
Building Size
—
Asset Type
MultiFamily
Closing
Sep 8, 2022
AI
The multifamily property at 2265 Curlew Street in San Diego has been sold for a price of $2,600,000. The transaction took place on 09/09/2022. The property consists of 8 units, with a price per unit (PPU) of $325,000. The seller was the Katz Family Limited Partnership, and the buyer was Floit Properties. The deal was facilitated by Conor Brennan from Marcus & Millichap.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,600,000
- Units: 8
- Price per Unit (PPU): $325,000
- Address: 2265 Curlew Street, San Diego
- Market: San Diego
Conor Brennan from Marcus & Millichap represented Floit Properties in the transaction. The sale of this multifamily property signifies a significant investment opportunity in the San Diego market. The deal highlights the continued demand for multifamily properties in the area.
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
6.10%
Cash-on-Cash
-1.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93