Updated Dec 20, 2023
Sumi Dave Acquires Ridgecrest Multifamily In $13M Deal With Len Eastwood As Seller
238 North Gold Canyon Street, Ridgecrest, CA, USA
$13,000,000
$80/SF
Building Size
162,016 SF
Asset Type
MultiFamily
Closing
Sep 30, 2021
About this deal
AI
A multifamily property located at 238 N. Gold Canyon Street in Ridgecrest has recently been sold for $13,000,000. The property consists of 190 units, with an average price per unit of $68,421. The total square footage of the property is 162,016, resulting in a price per square foot of $80.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $13,000,000
- Address: 238 N. Gold Canyon Street
- Market: Ridgecrest
Len Eastwood sold the property to Sumi Dave. The sale was facilitated by Cray A. Carlson of CBRE. Cray A. Carlson represented the seller in this transaction.
On the Map
$13,000,000
$80/SF
MultiFamily
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Ridgecrest 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
1.22%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93