Updated Dec 18, 2023
The Mogharebi Group Brokers $19.7M Sale Of Multifamily Property In Palm Springs
2890 East Tahquitz Canyon Way, Palm Springs, California 92262, United States
$19,700,000
Building Size
—
Asset Type
MultiFamily
Closing
Feb 16, 2022
About this deal
AI
The multifamily property located at 2890 E. Tahquitz Canyon Way in Palm Springs has been sold for a price of $19,700,000. This property spans across 5.4 acres and is situated in a desirable market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $19,700,000
- Address: 2890 E. Tahquitz Canyon Way
- Market: Palm Springs
- Asset Type: Multifamily
- Acres: 5.4
The sale of this property was facilitated by Otto Ozen of The Mogharebi Group. As the representative for the seller or buyer, Otto played a crucial role in the transaction.
Players
Palm Springs 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
0.81%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93