Updated Oct 25, 2024
Adam Robinson Acquires MultiFamily In San Diego For $23.6M
4657-85 Muir Ave, San Diego, CA 92107
$23,600,000
$727/SF
Building Size
32,440 SF
Asset Type
MultiFamily
Closing
Aug 11, 2023
About this deal
AI
A multi-family property located at 4657-85 Muir Avenue & 4682-92 West Point Loma Boulevard in San Diego has been sold for a total price of $23,600,000. This property consists of 44 units with an average price per unit of $536,364. The total square footage of the property is 32,440, resulting in a price per square foot of $727.
Summary of transaction details
- Property Type: MultiFamily
- Transaction Amount: $23,600,000
- Units: 44
- Average Price Per Unit: $536,364
- Square Footage: 32,440
- Price Per Square Foot: $727
- Address: 4657-85 Muir Avenue & 4682-92 West Point Loma Boulevard, San Diego
- Market: San Diego
The buyer in this transaction is Adam Robinson, while the seller is Michael Mills. The broker representing the buyer and seller is Joseph Burrough from Palma Commercial.
On the Map
$23,600,000
$727/SF
MultiFamily
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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
0.67%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93