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.
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