Gelt Acquires Anaheim Multifamily Property For $146.5M
3530 East La Palma Avenue, Anaheim, CA, USA
$146,500,000
$1,154/SF
Building Size
126,877 SF
Asset Type
MultiFamily
Closing
Sep 10, 2021
AI
Anaheim multifamily property located at 3530 E. La Palma Avenue was recently sold for a total of $146,500,000. The transaction took place on September 10, 2021, with a total of 312 units. The price per unit for this sale was approximately $469,551.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $146,500,000
- Address: 3530 E. La Palma Avenue
- Market: Anaheim
The buyer of this property is Gelt, represented by Steve Wasserman and Keith Wasserman. Steve Wasserman & Keith Wasserman played a key role in this transaction.
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
0.11%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93