Marcus & Millichap Brokers Sell Multifamily Property In University Heights, San Diego For $3.3M
SOLD
$3,300,000
California
See Similar DealsMultiFamily
Sold 09/22/2022
SOLD
Marcus & Millichap Brokers Sell Multifamily Property In University Heights, San Diego For $3.3M
4411 Louisiana Street, San Diego, California 92116, United States
See Similar DealsMultiFamily
Sold 09/22/2022
Summary
CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$175,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,724.21
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,643.68
Annual Debt Service$187,724.20
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