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3622 43rd Street

James V. Carter Of Apartment Realty Group Sells Multifamily Asset In San Diego For $2.25M
SOLDMultiFamily

James V. Carter Of Apartment Realty Group Sells Multifamily Asset In San Diego For $2.25M

3622 43rd Street

$2,250,000

$413/SF

Building Size

5,437 SF

Asset Type

MultiFamily

Closing

Dec 13, 2024

AI

The property asset involved in this transaction is a multifamily unit located at 3622 43rd Street in the San Diego market. The sale was finalized for a price of $2,250,000, comprising 8 units. The total square footage of the property is 5,437, resulting in a price per unit of $281,250 and a price per square foot of $413.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,250,000
  • Units: 8
  • Square Footage: 5,437
  • Price Per Unit: $281,250
  • Price Per Square Foot: $413

The seller's representative for this transaction was James V. Carter from Apartment Realty Group (ARG), who facilitated the deal on behalf of the seller.

Players

James V. Carter

Apartment Realty Group (ARG)

Broker

$60M

vol

12 deals

Broker

San Diego 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

7.05%

Cash-on-Cash

-2.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93