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

Property Image
SOLD
$4,100,000
Adam Robinson

California

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MultiFamily6,744 SF
Sold 06/01/2023
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Property Image
SOLD

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

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

See Similar Deals
MultiFamily6,744 SF
Sold 06/01/2023
Adam Robinson
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$607
Total Square Footage:6,744 SF
Transaction Type:Sale

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

3 deals$39M volume(858) 822-9222
BROKER

Adam Robinson
6 deals$131.9M volume
BUYER

Details

SOLD
IMAGE: Joseph Burrough DATE: 06/01/2023 ADDRESS: 4912 West Point Loma Boulevard MARKET: San Diego ASSET TYPE: MultiFamily BUYER: OB Apartment Fund I LLC – Adam Robinson (@Asr_Rpg) SELLER: Mills Trust – Michael Mills BROKER: Joseph Burrough - Palma Commercial SALE PRICE: $4,100,000 UNITS: 8 ~ PPU: $512,500 SF: 6,744 ~ PPSF: $608

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Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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