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
Anaheim 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
0.99%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93