Updated Dec 4, 2024
Marcus & Millichap Sells Beachmont 45-Unit Multifamily In La Habra For $15.6M
400 South Beach Boulevard
$15,600,000
Units
45
Asset Type
MultiFamily
Closing
Oct 24, 2024
About this deal
AI
A 45-unit beachfront apartment community known as Beachmont located at 400 South Beach Boulevard in La Habra, North Orange County has been sold for $15,600,000. The price per unit for the property comes to approximately $346,667. Recent improvements to the asset include the installation of new windows, roofs, and exterior painting.
Summary of transation details:
- Property Type: MultiFamily
- Transaction Amount: $15,600,000
- Units: 45
- Price Per Unit: $346,667
- Brokers: Tyler Leeson & W. Michael Cavner - Marcus & Millichap
- Date of Sale: 10/24/2024
- Address: 400 South Beach Boulevard, La Habra
The transaction was facilitated by Tyler Leeson and W. Michael Cavner, both representing Marcus & Millichap in the deal. The identities of the buyer and seller remain undisclosed.
Players
La Habra 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
1.02%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93