David Jankowski & Mark Chalfin Acquire Claremont Multifamily Property For $12M
SOLD
$12,000,000
California
See Similar DealsMultiFamily49,632 SF
Sold 04/15/2021
SOLD
David Jankowski & Mark Chalfin Acquire Claremont Multifamily Property For $12M
440-450 Vista Drive, Claremont, CA, USA
See Similar DealsMultiFamily49,632 SF
Sold 04/15/2021
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$241
Total Square Footage:49,632 SF
Transaction Type:Sale
A multifamily property located at 440-450 Vista Drive, 514 Bucknell Ave., and 550 Bucknell Ave. in Claremont has been sold in a closed transaction. The property, consisting of 38 units, spans a total of 49,632 square feet. The sale price for the property was $12,000,000, which translates to a per-unit price of $315,789. The price per square foot is $241, and the capitalization rate is 2.8%. The property was on the market with an asking price of $12,000,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $12,000,000
- Address: 440-450 Vista Drive, 514 Bucknell Ave., and 550 Bucknell Ave.
- Market: Claremont
The buyer of the property is David Jankowski and Mark Chalfin. They acquired the property from the Revocable Living Trust of Joseph E. Davis, Jr. and Lorraine H. Davis. The brokers involved in the transaction were Darin Spillman from Hudson and Jay Martinez from Hudson.
Players
SELLER
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)
$640,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$42,633.46
Cash-on-Cash Return-1.27%
Monthly Debt Service$56,886.12
Annual Debt Service$682,633.47
Is there something missing? Send suggestions