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5810 Amaya Drive, La Mesa, ...

Universe Holdings Acquires Multifamily Property In La Mesa, San Diego For $34.5M
SOLDMultiFamily

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.

Players

Henry Manoucheri

Universe Holdings

Buyer

$174.9M

vol

8 deals

Buyer

La Mesa 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

0.46%

Cash-on-Cash

-0.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93