Updated May 12, 2025
Insight Investment Partners Acquires Multifamily Property In San Diego For $23.3M
435 13th Street, San Diego, California 92101, United States
$23,250,000
Units
86
Asset Type
MultiFamily
Closing
Jun 7, 2022
About this deal
AI
The asset involved in this transaction is a multifamily property located at 435 13th St., in the San Diego market. The property comprises 86 units and was sold for a price of $23,250,000, which translates to a price per unit of $270,349.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $23,250,000
- Address: 435 13th St.
- Market: San Diego
- Units: 86
- PPU: $270,349
- Buyer: Insight Investment Partners
- Seller: FPA
- Brokers: Christopher J. Zorbas, Alexander Garcia Jr. (Institutional Property Advisors) & Austin Huffman - Marcus & Millichap
- Date: 06/08/2022
The transaction was facilitated by brokers Christopher J. Zorbas and Alexander Garcia Jr. from Institutional Property Advisors, along with Austin Huffman from Marcus & Millichap. They represented the buyer, Insight Investment Partners, and the seller, FPA, in this multifamily property deal.
On the Map
$23,250,000
MultiFamily
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Players
San Diego 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
0.68%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93