Universe Holdings Acquires Multifamily Property In La Mesa, San Diego For $34.5M
5810 Amaya Drive, La Mesa, San Diego County, CA, USA
$34,450,000
$344/SF
Building Size
99,999 SF
Asset Type
MultiFamily
Closing
Mar 31, 2020
AI
The multifamily property located at 5810 Amaya Dr in La Mesa, San Diego has been sold in a recent transaction. The property consists of 110 units and was purchased by Universe Holdings, represented by Henry Manoucheri. The sale took place on April 1, 2020, and the transaction amount was $34,450,000. This amounts to a price per unit of $313,181.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $34,450,000
- Address: 5810 Amaya Dr, La Mesa, San Diego
- Market: La Mesa, San Diego
- Buyer: Universe Holdings - Henry Manoucheri
- Units: 110
- Price per Unit: $313,181
Henry Manoucheri, representing Universe Holdings, played a key role in this transaction. The deal highlights the significance of this multifamily asset and the attractiveness of the La Mesa market for real estate investments.
La Mesa MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.46%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93