David Hamilton Acquires Multifamily Property In San Diego For $8M
SOLD
$8,000,000
California
See Similar DealsMultiFamily
Sold 09/29/2022
SOLD
David Hamilton Acquires Multifamily Property In San Diego For $8M
3112 30th Street, San Diego, California 92104, United States
See Similar DealsMultiFamily
Sold 09/29/2022
Summary
CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale
The multifamily property located at 3112 30th Street in San Diego, CA has been sold in a recent transaction. The sale took place on 09/29/2022, with a sale price of $8,000,000. The property consists of 18 units, translating to a per-unit price of $444,444.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $8,000,000
- Address: 3112 30th Street, San Diego, CA
- Market: San Diego, CA
- Buyer: David Hamilton
- Brokers: Ben Sierpina & Raymond Choi - Marcus & Millichap
- Units: 18
The buyer in this transaction was David Hamilton, represented by brokers Ben Sierpina and Raymond Choi from Marcus & Millichap.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$426,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$28,422.30
Cash-on-Cash Return-1.27%
Monthly Debt Service$37,924.08
Annual Debt Service$455,088.98
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