David Hamilton Acquires Multifamily Property In San Diego For $8M
3112 30th Street, San Diego, California 92104, United States
$8,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Sep 28, 2022
AI
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.
Players
San Diego 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
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93