Updated Dec 19, 2023
Brandon Michaels, Matthew Luchs, And Steven Schechter Acquire Multifamily Property On Bancroft St, San Diego For $5.1M
3767 Bancroft Street, San Diego, CA, USA
$5,100,000
$572/SF
Building Size
8,914 SF
Asset Type
MultiFamily
Closing
Mar 12, 2020
About this deal
AI
The multifamily property located at 3767 Bancroft St in San Diego was recently sold for $5,100,000. This property consists of 10 units with an average price per unit of $510,000. The total square footage of the property is 8,914, resulting in a price per square foot of $572.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,100,000
- Units: 10
- Price per Unit: $510,000
- Square Footage: 8,914
- Price per Square Foot: $572
- Market: San Diego
The sale of this property was facilitated by Brandon Michaels, Matthew Luchs, and Steven Schechter of an undisclosed agency. Their expertise and representation were crucial in the successful completion of this transaction.
Players
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
3.11%
Cash-on-Cash
-0.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93