facebook
Traded Co logo
Submit
Daily limit: 0/10

J&L Multifamily Properties Acquires 6-Unit Property In San Diego For $3M

Property Image
SOLD
$3,000,000
Conor Brennan
Brien Metcalf

California

See Similar Deals
MultiFamily
Sold 06/03/2024
the dealplayerscompscontact
Property Image
SOLD

J&L Multifamily Properties Acquires 6-Unit Property In San Diego For $3M

5018 Saratoga Avenue

See Similar Deals
MultiFamily
Sold 06/03/2024
Conor Brennan
Brien Metcalf
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale

A 6-unit apartment property located at 5018-22 Saratoga Avenue in San Diego has been sold for $3 million, at a rate of $500,000 per unit. The transaction involved J&L Multifamily Properties, LLC as the buyer and Fred Deluca as the seller.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,000,000
  • Address: 5018-22 Saratoga Avenue
  • Market: San Diego
  • Units: 6

Conor Brennan from Marcus & Millichap represented J&L Multifamily Properties, LLC as the buyer's representative in the deal, while Brien Metcalf from Coldwell Banker represented Fred Deluca as the seller's representative. The sale of this property on Saratoga Avenue underscores the strength of well-located assets in a challenging commercial market.

Players

Conor Brennan
CBRE
Conor Brennan
9 deals$84.6M volume(720) 841-8139
BROKER
Brien Metcalf
Coldwell Banker
Brien Metcalf
1 deal$3M volume
BROKER

Details

SOLD
IMAGE: 06/03/2024 ADDRESS: 5018-22 Saratoga Avenue MARKET: San Diego ASSET TYPE: Multifamily BUYER: J&L Multifamily Properties, LLC SELLER: Fred Deluca BUYER'S REP: Conor Brennan - Marcus & Millichap SELLER'S REP: Brien Metcalf - Coldwell Banker SALE PRICE: $3,000,000 UNITS: 6 ~ PPU: $500,000 NOTE: Marcus & Millichap sold a 6-unit apartment property on 5018-22 Saratoga Ave. in San Diego for $3M ($500k/unit). The deal highlights strong performance for well-located assets despite a challenging commercial market.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$160,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$10,658.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,221.53
Annual Debt Service$170,658.37