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2841 B Street, Rosamond, CA...

Hang Zhang Acquires Multifamily Property In Rosamond For $1.58M
SOLDMultiFamily

Hang Zhang Acquires Multifamily Property In Rosamond For $1.58M

2841 B Street, Rosamond, CA, USA

$1,580,000

$208/SF

Building Size

7,584 SF

Asset Type

MultiFamily

Closing

Jun 23, 2020

AI

A multifamily property located at 2841 B Street in Rosamond was recently sold in a transaction on June 23, 2021. The property consists of 17 units and was sold for $1,580,000, which translates to an average price per unit of $92,941. The buyer of the property was Hang Zhang, while the seller was Paul Villasenor.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,580,000
  • Address: 2841 B Street, Rosamond
  • Market: Rosamond

Vic Arutyunyan represented the buyer, Hang Zhang, in this transaction. Meanwhile, Eric Cussimonio represented the seller, Paul Villasenor.

Players

Eric Cussimonio

Keller Williams Realty

Broker

$1.6M

vol

1 deal

Broker

Rosamond 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

10.04%

Cash-on-Cash

-2.87%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93