South Coast Equity Partners Acquires Multifamily Property In San Diego For $2.7M
3801 Centre Street, San Diego, California 92103, United States
$2,700,000
Building Size
—
Asset Type
MultiFamily
Closing
Oct 3, 2022
AI
An multifamily property located at 3801 Centre Street in San Diego, CA was recently sold for $2,700,000. The property consists of 7 units, with an average price per unit of $385,714.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,700,000
- Address: 3801 Centre Street, San Diego, CA
- Market: San Diego, CA
The buyer in this transaction was South Coast Equity Partners, LLC, represented by Ray Huffman from Marcus & Millichap. The seller was the Krewsun Family Trust, with Glenn Bennett from Cowles Mountain Realty acting as their representative.
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
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93