CBRE Facilitates $1.41M Sale Of 5-Unit Multifamily Property In Escondido, CA
419 West Fourth Avenue
$1,410,000
$277/SF
Building Size
5,080 SF
Asset Type
MultiFamily
Closing
Nov 13, 2023
AI
The $1.41 million sale of a five-unit multifamily property located at 419 West Fourth Avenue in Escondido, California has been announced by CBRE. The property is situated in a strategic location and offers potential for value-add with features such as granite countertops, private patios, and strong rental demand. The property spans a total of 5,080 square feet and is situated on a 0.17-acre lot.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,410,000
- Address: 419 West Fourth Avenue, Escondido
- Market: Escondido
- Acres: 0.17
The sale transaction was facilitated by Amanda Fielder and Daniel Blackwell of CBRE. They represented the seller and the buyer, a private investor engaged in a 1031 exchange.
Players
Escondido 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
11.25%
Cash-on-Cash
-3.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93