Marcus & Millichap Sells Carlsbad Multifamily Property For $8.5M
312 Hemlock Ave Carlsbad, CA 92008, USA
$8,500,000
Building Size
—
Asset Type
MultiFamily
Closing
Jun 6, 2023
AI
A four-unit apartment property located at 312 Hemlock Ave. in Carlsbad has been sold for $8.5 million. The brand-new construction townhome community, situated near the beach and Carlsbad Village, attracted a private investor in an off-market transaction.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $8,500,000
- Units: 4
- Price Per Unit: $2,125,000
The sale of the property was facilitated by Conor Brennan and Adrian Grobelny from Marcus & Millichap. They represented the buyer and seller in the transaction.
NOTE: This transaction was an off-market deal, and the sale attracted a private investor for the four-unit apartment property at 312 Hemlock Ave. in Carlsbad.
Players
Los Angeles 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
1.87%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93