Updated Dec 21, 2023
CBRE Brokers Eric Chen & Andy Yu Facilitate $2.56M Sale Of Ontario Multifamily Property
565 West D Street, Ontario, CA, USA
$2,560,000
$249/SF
Building Size
10,246 SF
Asset Type
MultiFamily
Closing
Nov 23, 2020
About this deal
AI
An multifamily property located at 565 W. D. Street in Ontario, California was recently sold for a price of $2,560,000 on 11/24/2020. The property consists of 14 units with an average price per unit of $182,857. The total square footage of the property is 10,246, with a price per square foot of $249.85. The capitalization rate for the property is 4.45% and the gross rent multiplier is 13.58.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,560,000
- Address: 565 W. D. Street
- Market: Ontario, California
- Units: 14
- Price Per Unit: $182,857
- Square Footage: 10,246
- Price Per Square Foot: $249.85
- Capitalization Rate: 4.45%
- Gross Rent Multiplier: 13.58
The sale was facilitated by brokers Eric Chen from CBRE. Eric Chen can be contacted via his Instagram handle @Eric_C_Chen and Andy Yu can be contacted via his Instagram handle @And23Yu.
Players
Ontario 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
6.20%
Cash-on-Cash
-1.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93