Updated Jul 22, 2026
Constantin Dasanu Purchases Multifamily Asset In Cathedral City From Marc & Evangeline Grossman For $1.17M
27700 Avenida Terrazo
$1,170,000
$278/SF
Building Size
4,200 SF
Asset Type
MultiFamily
Closing
Jul 16, 2026
About this deal
AI
The property involved in the transaction is a multifamily asset located at 27700 Avenida Terrazo in Cathedral City. The sale price for the property was $1,170,000, and it consists of 7 units with a total square footage of 4,200. The price per unit is $167,142, while the price per square foot is $278.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,170,000
- Units: 7
- Square Footage: 4,200
- Price per Unit: $167,142
- Price per Square Foot: $278
- Buyer: Constantin Dasanu
- Seller: Marc & Evangeline Grossman
- Seller's Representative: Eric Chen & Blake Torgerson - CBRE
The transaction saw Constantin Dasanu as the buyer, acquiring the property from sellers Marc and Evangeline Grossman, with Eric Chen and Blake Torgerson of CBRE representing the sellers in this deal.
On the Map
$1,170,000
$278/SF
MultiFamily
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Cathedral City 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
13.56%
Cash-on-Cash
-3.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93