Jeff Fan Acquires Multifamily Property In San Bernardino For $7M
3943 H Street, San Bernardino, California 92410, United States
$7,000,000
$258/SF
Building Size
27,110 SF
Asset Type
MultiFamily
Closing
Dec 6, 2021
AI
The multifamily property located at 3943 N. H St. in San Bernardino has been sold for $7,000,000. The transaction took place on 12/06/2021. The property consists of 44 units with a price per unit of $159,090. The total square footage of the property is 27,110, and the price per square foot is $258.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $7,000,000
- Address: 3943 N. H St.
- Market: San Bernardino
- Units: 44
- Price per Unit: $159,090
- Square Footage: 27,110
- Price per Square Foot: $258
Jeff Fan bought the property from Dominick Veliko-Shapko. The brokerage firm CBRE represented both parties in the deal, with Cray A. Carlson serving as the broker representing Jeff Fan.
Players
Barstow 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
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93