Positive Investments Acquires Multifamily Property In Temple City For $14.4M
SOLD
$14,425,000
California
See Similar DealsMultiFamily37,920 SF
Sold
SOLD
Positive Investments Acquires Multifamily Property In Temple City For $14.4M
5421 Santa Anita Ave, Temple City, CA, USA
See Similar DealsMultiFamily37,920 SF
Sold
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$380
Total Square Footage:37,920 SF
Transaction Type:Sale
An multifamily property located at 5421, 5565-5607 Santa Anita Ave. in Temple City has been sold for a price of $14,425,000. The transaction took place on 04/15/2021. The property consists of 55 units, with an average price per unit of $262,272. The total square footage of the property is 37,920, with a price per square foot of $380. The seller of the property was the Kornreich 1981 Trust, while the buyer was Positive Investments.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $14,425,000
- Address: 5421, 5565-5607 Santa Anita Ave., Temple City
- Market: Temple City
- Units: 55
- PPU: $262,272
- SF: 37,920
- PPSF: $380
Michael Koshet from an undisclosed agency represented the buyer, Positive Investments, in this transaction.
Players
BROKERAGE
BUYER
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$769,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$51,248.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$68,381.86
Annual Debt Service$820,582.31
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