Updated Jan 30, 2025
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
About this deal
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.
On the Map
$2,250,000
$413/SF
MultiFamily
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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