Updated Oct 29, 2024
The Bella Affordable Housing Foundation Acquires 13-Unit Multifamily Property In San Diego For $2.6M
4230 44th St San Diego, CA 92115, USA
$2,600,000
Units
13
Asset Type
MultiFamily
Closing
Jun 22, 2023
About this deal
AI
The Bella Affordable Housing Foundation has acquired a 13-unit multifamily property located at 4230 44th Street in San Diego's market for a total of $2.6 million. The apartment building features both one-bedroom and two-bedroom units and is situated near popular attractions and dining options.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,600,000
- Units: 13
- Price per Unit: $200,000
The buyer's representative in this deal was Benn Vogelsang from Northmarq, while the seller's representative was Susan Forster from Coastal Pacific Real Estate.
Northmarq's Benn Vogelsang successfully facilitated the sale of this multifamily property, providing the Bella Affordable Housing Foundation with a valuable investment opportunity in San Diego.
On the Map
$2,600,000
MultiFamily
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.10%
Cash-on-Cash
-1.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93