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406 East South Street

CBRE Brokers Sell Anaheim Multifamily Property For $2.53M
SOLDMultiFamily

CBRE Brokers Sell Anaheim Multifamily Property For $2.53M

406 East South Street

$2,525,000

$388/SF

Building Size

6,500 SF

Asset Type

MultiFamily

Closing

Apr 2, 2024

AI

The property at 406 East South Street in Anaheim, California, a seven-unit multifamily asset, was sold for $2.53 million. This property spans 6,500 square feet, offering attractive amenities and well-designed layouts. With a price per unit of $360,714 and a price per square foot of $388, this multifamily property provides proximity to Disneyland, making it a desirable investment.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,525,000
  • Units: 7
  • Price Per Unit: $360,714
  • Square Footage: 6,500
  • Price Per Square Foot: $388
  • Address: 406 East South Street
  • Market: Anaheim

Amanda Fielder and Daniel Blackwell, representing CBRE, were the brokers involved in the transaction. Dan Blackwell represented the buyer, whereas Amanda Fielder represented the seller in this multifamily property sale. The property achieved a 4.95% cap rate and has the potential for increased rent, offering a promising investment opportunity.

Players

Daniel Blackwell

CBRE

Broker

$439.4M

vol

61 deals

Broker

Anaheim 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

6.28%

Cash-on-Cash

-1.80%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93