Pacific Urban Investors Acquires Allina La Jolla Apartment Property In San Diego For $177.3M
3417 Lebon Dr San Diego, CA 92122, USA
$177,300,000
Building Size
—
Asset Type
MultiFamily
Closing
Jul 6, 2023
AI
The 400-unit Allina La Jolla apartment property in San Diego has been sold for $177.3 million. The property features one- and two-bedroom units with amenities such as a swimming pool, fitness center, and picnic areas.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $177,300,000
- Address: 3417 Lebon Drive, San Diego
- Market: San Diego
Pacific Urban Investors, represented by Alfred Pace from Kidder Mathews, purchased the property from Premiere Residential Communities.
Los Angeles 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
0.09%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93