Ken Leon - Quest Capital Partners Acquires Multifamily Property In San Bernardino, CA For $8.25M
SOLD
$8,250,000
California
See Similar DealsMultiFamily35,200 SF
Sold 11/01/2022
SOLD
Ken Leon - Quest Capital Partners Acquires Multifamily Property In San Bernardino, CA For $8.25M
363 East Gilbert Street, San Bernardino, California 92404, United States
See Similar DealsMultiFamily35,200 SF
Sold 11/01/2022
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$234
Total Square Footage:35,200 SF
Transaction Type:Sale
The multifamily property located at 363 E Gilbert St in San Bernardino, CA has been sold for a price of $8,250,000. The property consists of 71 units with an average price per unit of $116,197. The total square footage of the property is 35,200, with an average price per square foot of $234.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $8,250,000
- Units: 71
- Price per Unit: $116,197
- Square Footage: 35,200
- Price per Square Foot: $234
The buyer of the property is Ken Leon from Quest Capital Partners, while the seller is Srinivas Yalamanchili from Positive Investments. The transaction was facilitated by brokers Bryan LaBar and Otto Ozen from The Mogharebi Group.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$439,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$29,310.51
Cash-on-Cash Return-1.27%
Monthly Debt Service$39,109.21
Annual Debt Service$469,310.51
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