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2421 Foothill Blvd, La Vern...

Silver Star Real Estate Acquires 147-Unit Multifamily Property In La Verne For $49.7M
SOLDMultiFamily

Silver Star Real Estate Acquires 147-Unit Multifamily Property In La Verne For $49.7M

2421 Foothill Blvd, La Verne, CA 91750, USA

$49,700,000

$7,674/SF

Building Size

6,476 SF

Asset Type

MultiFamily

Closing

Jul 20, 2020

AI

The multifamily property located at 2421 Foothill Blvd in La Verne has been sold for a total price of $49,700,000. This property consists of 147 units, with a per unit price of $338,095. The transaction took place on July 21, 2020.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $49,700,000
  • Address: 2421 Foothill Blvd
  • Market: La Verne

The buyer of this property is Silver Star Real Estate, represented by Amber Property Investments LLC. The deal was facilitated by brokers Chinmay Bhatt, Noam Franklin, and Cody Kirkpatrick from Berkadia.

Players

Noam Franklin

Berkadia

Broker

$780.2M

vol

20 deals

Broker
SE
Silver Star Real EstateBuyer

La Verne 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

0.32%

Cash-on-Cash

-0.09%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93