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3360 W Lincoln Ave, Anaheim...

Lexington Courtyard Acquires Multifamily Property In Anaheim For $16M
SOLDMultiFamily

Lexington Courtyard Acquires Multifamily Property In Anaheim For $16M

3360 W Lincoln Ave, Anaheim, CA, USA

$16,000,000

$164/SF

Building Size

97,000 SF

Asset Type

MultiFamily

Closing

Jul 17, 2019

AI

An apartment building located at 3360 W Lincoln Ave in Anaheim has been sold for $16,000,000. This multifamily property spans 97,000 square feet, resulting in a price per square foot of $164.95. The transaction took place on July 18, 2019, and the buyer is Lexington Courtyard represented by Cobby Pourtavosi.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $16,000,000
  • Address: 3360 W Lincoln Ave
  • Market: Anaheim

Cobby Pourtavosi from Lexington Courtyard played a crucial role as the buyer's representative in this deal. This transaction demonstrates the strong market for multifamily properties in Anaheim and showcases the expertise of Lexington Courtyard in identifying valuable investment opportunities.

Players

Cobby Pourtavosi

Buyer

$320M

vol

7 deals

Buyer

Anaheim 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

0.99%

Cash-on-Cash

-0.28%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93