Updated Oct 28, 2024
Bascom Group Buys La Mesa Multifamily For $26.8M From Vista Investment Group
4300 Echo Ct, La Mesa, CA, USA
$26,800,000
$6,057/SF
Building Size
4,424 SF
Asset Type
MultiFamily
Closing
Aug 10, 2020
About this deal
AI
An 80-unit multifamily property located at 4300 Echo Ct in La Mesa has been sold for a total price of $26,800,000. The property was acquired by Bascom Group from the seller, Vista Investment Group. The transaction took place on 08/10/2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $26,800,000
- Units: 80
- Price Per Unit (PPU): $335,000
- Address: 4300 Echo Ct
- Market: La Mesa
Chad Sanderson captured an image of the property, showcasing its features. The deal was brokered by Bascom Group's representative and Vista Investment Group's representative.
On the Map
$26,800,000
$6,057/SF
MultiFamily
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Players
La Mesa 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
0.59%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93