Updated Dec 21, 2023
SoCal Apartment Advisors Sells 10-Unit Multifamily Property In Azusa For $2.8M
525 San Gabriel Avenue, Azusa, California 91702, United States
$2,800,000
$336/SF
Building Size
8,318 SF
Asset Type
MultiFamily
Closing
Mar 29, 2022
About this deal
AI
An apartment building located at 525 N. San Gabriel Ave. in Azusa has been sold for $2,800,000. The multifamily property consists of 10 units, with each unit valued at $280,000. The total square footage of the building is 8,318, equating to a price per square foot of $336.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,800,000
- Units: 10
- Price Per Unit: $280,000
- Square Footage: 8,318
- Price Per Square Foot: $336
The sale was facilitated by Eric Chen from Socal Apartment Advisors. He represented the buyer and seller in the transaction, showcasing his expertise in the Azusa market. The deal closed on March 30, 2022.
Players
Azusa 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
5.67%
Cash-on-Cash
-1.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93