facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

California

/

Multifamily

/

Sale

/

2300 Montrose Avenue, Montr...

Updated May 12, 2025

SOLDMultiFamily

Jong Park Acquires Montrose Multifamily For $5.15M With Sam Liberow & Jeff Louks

2300 Montrose Avenue, Montrose, CA 91020, USA

$5,150,000

$423/SF

Building Size

12,172 SF

Asset Type

MultiFamily

Closing

Jul 23, 2020

About this deal

AI

The asset involved in this transaction is a multifamily property located at 2300 Montrose Avenue in the Montrose market. The sale price of the property was $5,150,000, which encompasses a total of 15 units. The building features a square footage of 12,172, translating to a price per unit of $343,333 and a price per square foot of $423.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $5,150,000
  • Address: 2300 Montrose Avenue
  • Market: Montrose
  • Units: 15
  • Price Per Unit: $343,333
  • Square Feet: 12,172
  • Price Per Square Foot: $423
  • Buyer: Jong Park
  • Seller: Meisels Family
  • Brokers: Sam Liberow, Jeff Louks & Elliot Sabag

Jong Park acquired the property from the Meisels Family, with representation provided by brokers Sam Liberow, Jeff Louks, and Elliot Sabag in this transaction. Their involvement was crucial in facilitating the deal between the buyer and seller.

Players

Jeff Louks

Marcus & Millichap

Broker

$418.1M

vol

37 deals

Broker

Montrose MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Deal FAQ

About $423 per square foot on a published $5.2M for 12,172 square feet (2020).

Visit Elliot Sabag to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.08%

Cash-on-Cash

-0.88%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets