Matthew Davies Acquires Multifamily Property At 3358 Grim Avenue For $3.61M With Broker Ben Sierpina
SOLD
$3,610,000
California
See Similar DealsMultiFamily4,688 SF
Sold 06/16/2025
SOLD
Matthew Davies Acquires Multifamily Property At 3358 Grim Avenue For $3.61M With Broker Ben Sierpina
3358 Grim Avenue
See Similar DealsMultiFamily4,688 SF
Sold 06/16/2025
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$770
Total Square Footage:4,688 SF
Transaction Type:Sale
This multifamily asset located at 3358 Grim Avenue in the San Diego, North Park market was sold for $3,610,000. The property encompasses 4,688 square feet across 10 units, achieving a price per unit of $361,000 and a price per square foot of $770.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,610,000
- Address: 3358 Grim Avenue
- Market: San Diego, North Park
- Units: 10
- Square Footage: 4,688
- Price per Unit: $361,000
- Price per Square Foot: $770
The deal was facilitated by broker Ben Sierpina, who represents Marcus & Millichap in this transaction. The buyer of the property is Matthew Davies.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$192,533.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,825.58
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,113.24
Annual Debt Service$205,358.90
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