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4641 North Avenue

David Tarquin & Aaron Case Of ORKA Holdings Acquire Multifamily Asset In San Diego For $6.95M
SOLDMultiFamily

David Tarquin & Aaron Case Of ORKA Holdings Acquire Multifamily Asset In San Diego For $6.95M

4641 North Avenue & 4659 North Avenue

$6,950,000

$253/SF

Building Size

27,438 SF

Asset Type

MultiFamily

Closing

Oct 30, 2024

AI

The property involved in this transaction consists of two multifamily units located at 4641 & 4659 North Avenue in the San Diego market. The total sale price of the asset was $6,950,000, with a combined total of 22 units spread over a square footage of 13,719, resulting in a price per unit of $315,909 and a price per square foot of $506.

Summary of transaction details:

The transaction features David Tarquin and Aaron Case representing ORKA Holdings as the buyers, while Deborah Reed from Coldwell Banker represented the sellers, David and Sam Sedillo. The transaction was handled by representatives Carson Trujillo and Connor Stolle from Marcus & Millichap on behalf of the buyers.

Players

Connor Stolle

Marcus & Millichap

Broker

$20.3M

vol

4 deals

Broker

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

2.28%

Cash-on-Cash

-0.65%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93