Aleksander Nadazdin Acquires Multifamily Property In Riverside For $8.35M
3401 Ramona Dr, Riverside, CA, USA
$8,350,000
$193/SF
Building Size
43,064 SF
Asset Type
MultiFamily
Closing
Jul 14, 2020
AI
A multifamily property located at 3401 Ramona Dr. in Riverside has been sold for $8,350,000. The property consists of 44 units, with an average price per unit of $189,772. The total square footage of the property is 43,064, resulting in a price per square foot of $193. The sale represents a capitalization rate of 4.93%. The transaction took place on July 14, 2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $8,350,000
- Units: 44
- Price per Unit: $189,772
- Total Square Footage: 43,064
- Price per Square Foot: $193
- Capitalization Rate: 4.93%
- Date: July 14, 2021
Aleksander Nadazdin purchased the property from Stanley Sirott. The transaction was facilitated by brokers Cray Carlson and Nick Mercurio.
Players
Riverside 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
1.90%
Cash-on-Cash
-0.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93