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.
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