Updated Dec 21, 2023
Ryan Ward Broker Facilitates $2.3M Sale Of Multifamily Property In San Diego
3770 40th St, San Diego, CA, USA
$2,300,000
$420/SF
Building Size
5,466 SF
Asset Type
MultiFamily
Closing
Mar 23, 2021
About this deal
AI
A multifamily property located at 3770 40th St. in San Diego has been sold for $2,300,000. The sale, which took place on March 24, 2021, involved a total of 10 units with a per unit price of $230,000. The property spans a total area of 5,466 square feet, resulting in a price per square foot of $420. The Gross Rent Multiplier (GRM) for the property is 14.79x, and the Capitalization Rate (CAP) is 4.34%.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $2,300,000
- Units: 10
- Price Per Unit (PPU): $230,000
- Square Feet (SF): 5,466
- Price Per Square Foot (PPSF): $420
- Gross Rent Multiplier (GRM): 14.79x
- Capitalization Rate (CAP): 4.34%
The broker involved in the transaction was Ryan Ward.
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
6.90%
Cash-on-Cash
-1.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93