Insight Investment Partners Acquires Multifamily Property In San Diego For $23.3M
SOLD
$23,250,000
California
See Similar DealsMultiFamily
Sold 06/08/2022
SOLD
Insight Investment Partners Acquires Multifamily Property In San Diego For $23.3M
435 13th Street, San Diego, California 92101, United States
See Similar DealsMultiFamily
Sold 06/08/2022
Summary
CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale
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.
Players
SELLER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,240,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$82,602.33
Cash-on-Cash Return-1.27%
Monthly Debt Service$110,216.86
Annual Debt Service$1,322,602.34
Is there something missing? Send suggestions