Ken Ishiki Acquires Multifamily Property In Covina For $11.85M

Located in Covina's market, the multifamily property at 4540 N Lark Ellen Ave was recently sold. The transaction took place on 12/24/2020, with a sale price of $11,850,000. The property consists of 44 units, offering an average per unit price of $269,318. Spanning across 35,746 square feet, the property has a price per square foot of $331. The cap rate for this transaction is 4.52%.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $11,850,000
• Address: 4540 N Lark Ellen Ave
• Market: Covina
• Buyer's Representative: Ken Ishiki
• Seller's Representatives: Mason Rowland & Ryan Rembert
• Units: 44
• Average Price Per Unit: $269,318
• Square Footage: 35,746
• Price Per Square Foot: $331
• Cap Rate: 4.52%

Ken Ishiki acted as the buyer's representative in this transaction. The seller's representatives were Mason Rowland and Ryan Rembert from Rembert.Rowland.RE.