Updated Dec 21, 2023
CBRE Brokers $13.3M Sale Of 80-Unit Multifamily Property In San Bernardino
2991 Mountain Avenue, San Bernardino, California 92404, United States
$13,300,000
Units
80
Asset Type
MultiFamily
Closing
May 2, 2022
About this deal
AI
The multifamily property located at 2991 & 2995 Mountain Ave. in San Bernardino has been sold for a total of $13,300,000. The sale took place on 05/03/2022. The property comprises 80 units, with a per unit price of $166,250.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $13,300,000
- Units: 80
- Price Per Unit: $166,250
- Address: 2991 & 2995 Mountain Ave.
- Market: San Bernardino
The sale of this multifamily property was brokered by Cray Carlson from CBRE. Their expertise and representation facilitated the successful completion of the deal.
On the Map
$13,300,000
MultiFamily
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Twentynine Palms 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
1.19%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93