Eden Irs Acquires Rockvale Apartments In Azusa, CA For $31.3M
385 North Rockvale Avenue, Azusa, California 91702, United States
$31,300,000
$333/SF
Building Size
94,000 SF
Asset Type
MultiFamily
Closing
Sep 18, 2022
AI
The multifamily property located at 385 N Rockvale Ave in Azusa, CA has been sold for a price of $31,300,000. The transaction took place on September 19, 2022.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $31,300,000
- Address: 385 N Rockvale Ave, Azusa, CA
- Market: Azusa, CA
- Buyer: Eden Irs
- Seller: Rockvale Apartments - Greg Worchell
- Seller's Rep: Dean Zander & Stew Weston - CBRE
- Units: 120
- Price per Unit (PPU): $260,833
- Square Footage (SF): 94,000
- Price per Square Foot (PPSF): $333
The buyer in this transaction is Eden Irs, while the seller is Rockvale Apartments represented by Greg Worchell. The seller's representatives are Dean Zander & Stew Weston from CBRE.
Players
Azusa 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
0.51%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93