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3366 Roosevelt Street

Neel Pujara Sells Multifamily Property At 3366 Roosevelt Street In Carlsbad For $3.95M
SOLDMultiFamily

Neel Pujara Sells Multifamily Property At 3366 Roosevelt Street In Carlsbad For $3.95M

3366 Roosevelt Street

$3,950,000

$798/SF

Building Size

4,944 SF

Asset Type

MultiFamily

Closing

Jan 14, 2025

AI

The multifamily property located at 3366 Roosevelt Street in Carlsbad has been sold for $3,950,000. The asset encompasses 10 units with a total square footage of 4,944, resulting in a price per unit of $395,000 and a price per square foot of $798.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,950,000
  • Units: 10
  • Square Footage: 4,944
  • Price Per Unit: $395,000
  • Price Per Square Foot: $798
  • Seller: Neel Pujara
  • Broker: Angelo La Bruna - Apartment Realty Group (ARG)

Neel Pujara was the seller of the property, while the transaction was facilitated by broker Angelo La Bruna representing the seller through Apartment Realty Group (ARG).

Players

Angelo La Bruna

Apartment Realty Group (ARG)

Broker

$88.6M

vol

14 deals

Broker

Carlsbad 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

4.02%

Cash-on-Cash

-1.15%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93