Cathedral City Multifamily Sells For $4.3M With Brokers Tom Jonsson, Will James & Peter James - James Capital Advisors And Daniel Ferreti, Jay Simmers, Elina Linner - Ferretti Real Estate Group
SOLD
$4,300,000
+ 3
California
See Similar DealsMultiFamily20,000 SF
Sold 02/11/2022
SOLD
Cathedral City Multifamily Sells For $4.3M With Brokers Tom Jonsson, Will James & Peter James - James Capital Advisors And Daniel Ferreti, Jay Simmers, Elina Linner - Ferretti Real Estate Group
32450 Candlewood Drive, Cathedral City, California 92234, United States
See Similar DealsMultiFamily20,000 SF
Sold 02/11/2022
+ 3
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$215
Total Square Footage:20,000 SF
Transaction Type:Sale
The multifamily property located at 32450 Candlewood Dr in Cathedral City, CA has been sold for a total price of $4,300,000. The property consists of 20 units, with an average price per unit of $215,000. The total square footage of the property is 20,000, resulting in a price per square foot of $215.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,300,000
- Address: 32450 Candlewood Dr, Cathedral City, CA
- Market: Cathedral City, CA
- Units: 20
- Price per Unit: $215,000
- Square Footage: 20,000
- Price per Square Foot: $215
The sale of this multifamily property was facilitated by the following brokers: Tom Jonsson, Will James, and Peter James from James Capital Advisors; and Daniel Ferreti, Jay Simmers, and Elina Linner from Ferretti Real Estate Group. They represented the respective buyers and sellers in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$229,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,277.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,384.19
Annual Debt Service$244,610.33
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