Updated Dec 21, 2023
Gerald Greenbach Acquires Loma Linda Multifamily For $6.3M
25356 Cole St, Loma Linda, CA 92354, USA
$6,300,000
$30/SF
Building Size
204,300 SF
Asset Type
MultiFamily
Closing
May 4, 2020
About this deal
AI
A multifamily property located at 25356 Cole Street in Loma Linda has been sold for a price of $6,300,000. The property spans across a total of 20,430 square feet, resulting in a price per square foot of $308.37. This multifamily asset consists of 24 units, with each unit valued at $262,500.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $6,300,000
- Square Footage: 20,430
- Price per Square Foot: $308.37
- Number of Units: 24
- Price per Unit: $262,500
The seller of the property was Allen Adem, and the buyer was Gerald Greenbach. The deal was facilitated by brokers Eric Chen and Blake Torgerson from CBRE.
Loma Linda 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
2.52%
Cash-on-Cash
-0.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93