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4912 W Point Loma Blvd San ...

OB Apartment Fund I LLC Acquires San Diego MultiFamily For $4.1M
SOLDMultiFamily

OB Apartment Fund I LLC Acquires San Diego MultiFamily For $4.1M

4912 W Point Loma Blvd San Diego, CA 92107, USA

$4,100,000

$607/SF

Building Size

6,744 SF

Asset Type

MultiFamily

Closing

Jun 1, 2023

AI

The multi-family property located at 4912 West Point Loma Boulevard in San Diego has been sold for $4,100,000. The property consists of 8 units, with each unit having a price per unit (PPU) of $512,500. The total square footage of the property is 6,744, resulting in a price per square foot (PPSF) of $608.

Summary of transaction details

  • Property Type: MultiFamily
  • Transaction Amount: $4,100,000
  • Units: 8
  • Price per Unit (PPU): $512,500
  • Square Footage: 6,744
  • Price per Square Foot (PPSF): $608
  • Address: 4912 West Point Loma Boulevard, San Diego

OB Apartment Fund I LLC, represented by Adam Robinson, has purchased the property from Mills Trust, represented by Michael Mills. The sale was facilitated by Joseph Burrough from Palma Commercial, who acted as the broker in the transaction.

Players

Joseph Burrough

Broker

$39M

vol

3 deals

Broker
Adam Robinson

Adam Robinson

Buyer

$131.9M

vol

6 deals

Buyer

Michael Mills

Seller

$27.7M

vol

2 deals

Seller

Los Angeles 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

3.87%

Cash-on-Cash

-1.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93