Dan Floit And Alex Pfeiffer Acquire Multifamily Asset From Herbert Killian For $5.65M In San Diego
SOLD
$5,650,000
California
See Similar DealsMultiFamily14,075 SF
Sold 01/08/2026
SOLD
Dan Floit And Alex Pfeiffer Acquire Multifamily Asset From Herbert Killian For $5.65M In San Diego
3620 Georgia Street
See Similar DealsMultiFamily14,075 SF
Sold 01/08/2026
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$401
Total Square Footage:14,075 SF
Transaction Type:Sale
This multifamily asset located at 3620-30 Georgia Street, San Diego, CA 92103 has a sale price of $5,650,000. The property consists of 18 units with a total square footage of 14,075. The price per unit is $313,888, resulting in a price per square foot of $401. The market for this property is San Diego.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,650,000
- Units: 18
- Price Per Unit: $313,888
- Total Square Footage: 14,075
- Price Per Square Foot: $401
- Buyer: Dan Floit & Alex Pfeiffer
- Seller: Herbert Killian
- Broker: Ben Sierpina - Marcus & Millichap
The transaction was facilitated by broker Ben Sierpina of Marcus & Millichap, who represented the sale of the property. This deal was completed on 01/08/2026, showcasing the involvement of both the buyers and the sellers in this multifamily transaction in the San Diego market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$301,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$20,073.27
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,783.88
Annual Debt Service$321,406.59
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