Neel Pujara Sells Multifamily Property At 413 South Myers Street In Oceanside For $2.44M
SOLD
$2,440,000
California
See Similar DealsMultiFamily2,976 SF
Sold 04/01/2025
SOLD
Neel Pujara Sells Multifamily Property At 413 South Myers Street In Oceanside For $2.44M
413 South Myers Street
See Similar DealsMultiFamily2,976 SF
Sold 04/01/2025
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$819
Total Square Footage:2,976 SF
Transaction Type:Sale
The multifamily property located at 413 South Myers Street in Oceanside was sold for a total of $2,440,000. This asset consists of 6 units, with a price per unit of $406,666. The total square footage of the property is 2,976, resulting in a price per square foot of $819.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,440,000
- Units: 6
- Price Per Unit: $406,666
- Square Feet: 2,976
- Price Per Square Foot: $819
- Seller: Neel Pujara
- Broker: Angelo La Bruna - Apartment Realty Group (ARG)
- Date of Sale: 4/1/2025
Neel Pujara is identified as the seller of the property, while Angelo La Bruna from Apartment Realty Group (ARG) acted as the broker representing the seller during this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$130,133.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,668.81
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,566.84
Annual Debt Service$138,802.14
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