Updated Sep 9, 2024
Leeran Factor Acquires Multifamily Property In Covina For $5.1M
422 West Front Street
$5,100,000
$284/SF
Building Size
17,922 SF
Asset Type
MultiFamily
Closing
Dec 29, 2022
About this deal
AI
A multifamily property located at 422 West Front Street in Covina has been sold in a recent transaction. The property consists of 20 units with a total square footage of 17,922. The sale price was $5,100,000, which translates to a price per unit of $255,000. The price per square foot was $285.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,100,000
- Address: 422 West Front Street
- Market: Covina
- Units: 20
- Price per Unit: $255,000
- Total Square Footage: 17,922
- Price per Square Foot: $285
The buyer of the property is Leeran Factor. The seller includes Alan Fox, Lisa, Christopher E. Tognola, and Ronda Fox. The transaction was facilitated by Eric Chen from CBRE.
Players
Covina 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
3.11%
Cash-on-Cash
-0.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93