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3939 Maxson Road, El Monte,...

Updated Oct 29, 2024

BAG Investments, Inc Acquires 45-Unit Multifamily Property In El Monte For $10.8M
SOLDMultiFamily

BAG Investments, Inc Acquires 45-Unit Multifamily Property In El Monte For $10.8M

3939 Maxson Road, El Monte, CA, USA

$10,825,000

$269/SF

Building Size

40,183 SF

Asset Type

MultiFamily

Closing

Nov 7, 2019

About this deal

AI

Riverstone Apartment Homes at 3939 Maxson, El Monte, has closed for $10,825,000. The 45-unit multifamily property was sold to BAG Investments, Inc, a long-term holder with plans to renovate the property. The transaction was facilitated by brokers David Leibowitz and Sev Amranyan from a yet undisclosed agency. David Leibowitz and Sev Amranyan represented both the buyer and the seller.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $10,825,000
  • Address: 3939 Maxson, El Monte
  • Market: El Monte

This successful sale involved key individuals and companies in the industry, including buyers BAG Investments, Inc and sellers 3939 Maxson. Brokers David Leibowitz and Sev Amranyan skillfully represented both parties in the transaction. The property spans 40,183 square feet at an average price per square foot of $269.39. It comprises 45 units and was sold at a price per unit of $240,000.

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$10,825,000

$269/SF

MultiFamily

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Players

David Leibowitz

IREA

Broker

$111.7M

vol

15 deals

Broker
BI
BAG InvestmentsBuyer
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El Monte MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $269 per square foot on a published $10.8M for 40,183 square feet (2019).

Visit David Leibowitz to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.47%

Cash-on-Cash

-0.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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