Updated Oct 28, 2024
MC Properties Acquires Multifamily Property In San Diego For $31.5M
4641 Home Avenue, San Diego, California 92105, United States
$31,500,000
Units
87
Asset Type
MultiFamily
Closing
Oct 26, 2022
About this deal
AI
A multifamily property located at 4641-4677 Home Ave in San Diego has been sold for a total price of $31,500,000. The sale, which took place on October 27, 2022, involved a total of 87 units, resulting in a price per unit (PPU) of $362,069. The property is owned by AAA Management, represented by Augusto Abraham Arriaga, and was purchased by MC Properties, represented by Leo Mermelstein. The deal was brokered by Northmarq.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $31,500,000
- Units: 87
- Price per Unit (PPU): $362,069
Leo Mermelstein, representing MC Properties, acquired the multifamily property located at 4641-4677 Home Ave in San Diego from AAA Management, represented by Augusto Abraham Arriaga. The deal was facilitated by Northmarq, who acted as the broker in the transaction.
On the Map
$31,500,000
MultiFamily
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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
0.50%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93