Updated Dec 21, 2023
Eric Chen Of Socal Apartment Advisors Sells Multifamily Property In Inland Empire For $2.06M
376 North 11th Avenue, Upland, California 91786, United States
$2,060,000
$316/SF
Building Size
6,500 SF
Asset Type
MultiFamily
Closing
Mar 27, 2022
About this deal
AI
A multifamily property located at 376-388 N. 11th Ave. in the Inland Empire market has been sold for a total price of $2,060,000. The property consists of 7 units with an average price per unit of $294,285. The total square footage of the property is 6,500, resulting in a price per square foot of $316.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,060,000
- Units: 7
- Price per Unit: $294,285
- Square Footage: 6,500
- Price per Square Foot: $316
- Market: Inland Empire
The sale of this multifamily property was facilitated by Eric Chen from Socal Apartment Advisors, serving as the broker in the transaction.
Players
Upland 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
7.70%
Cash-on-Cash
-2.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93