Neel Pujara Sells Multifamily Property At 3366 Roosevelt Street In Carlsbad For $3.95M
SOLD
$3,950,000
California
See Similar DealsMultiFamily4,944 SF
Sold 01/14/2025
SOLD
Neel Pujara Sells Multifamily Property At 3366 Roosevelt Street In Carlsbad For $3.95M
3366 Roosevelt Street
See Similar DealsMultiFamily4,944 SF
Sold 01/14/2025
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$798
Total Square Footage:4,944 SF
Transaction Type:Sale
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).
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$210,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,033.51
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,725.02
Annual Debt Service$224,700.18
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