Marcus & Millichap Brokers Sell Multifamily Property In University Heights, San Diego For $3.3M
4411 Louisiana Street, San Diego, California 92116, United States
$3,300,000
Building Size
—
Asset Type
MultiFamily
Closing
Sep 21, 2022
AI
Located in University Heights, San Diego, this multifamily property at 4411 Louisiana Street was recently sold in a closed transaction. The deal was facilitated by real estate brokers Ben Sierpina and Raymond Choi from Marcus & Millichap.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $3,300,000
- Units: 7
- Price per Unit: $471,429
The brokers responsible for this transaction, Ben Sierpina and Raymond Choi from Marcus & Millichap, played a pivotal role in facilitating the sale of this multifamily property. Their expertise and negotiation skills were instrumental in closing the deal successfully.
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
4.81%
Cash-on-Cash
-1.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93