Bascom Group Buys La Mesa Multifamily For $26.8M From Vista Investment Group
SOLD
$26,800,000
California
See Similar DealsMultiFamily4,424 SF
Sold 08/10/2020
SOLD
Bascom Group Buys La Mesa Multifamily For $26.8M From Vista Investment Group
4300 Echo Ct, La Mesa, CA, USA
See Similar DealsMultiFamily4,424 SF
Sold 08/10/2020
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$6,057
Total Square Footage:4,424 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,429,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$95,214.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$127,045.67
Annual Debt Service$1,524,548.07
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