Updated Oct 29, 2024
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
About this deal
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
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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