Entity Mila Co II LLC Acquires Multifamily Property In Carlsbad For $6.9M With Buyer's Rep Christie Horn & Lynn Oddo - Berkshire Hathaway, Seller's Rep Aaron Bove & CJ Ferns - Marcus & Millichap
2633 Ocean Street, Carlsbad, California 92008, United States
$6,900,000
$1,846/SF
Building Size
3,737 SF
Asset Type
MultiFamily
Closing
Feb 15, 2022
AI
A multifamily property located at 2633 Ocean St. in Carlsbad has been sold for $6,900,000. The property consists of 5 units and the price per unit (PPU) amounts to $1,380,000. The transaction took place on February 16, 2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $6,900,000
- Address: 2633 Ocean St.
- Market: Carlsbad
The buyer of the property is Entity Mila Co II LLC, represented by Christie Horn & Lynn Oddo from Berkshire Hathaway. On the other hand, the seller's representation was provided by Aaron Bove & CJ Ferns from Marcus & Millichap.
Players
Carlsbad 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
2.30%
Cash-on-Cash
-0.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93