Updated Oct 29, 2024
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
About this deal
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.
On the Map
$49,700,000
$7,674/SF
MultiFamily
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La Verne 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
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93