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Eddie Zhao Acquires 9-Unit Multifamily In Inland Empire For $2.7M

Property Image
SOLD
$2,700,000

California

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MultiFamily11,115 SF
Sold 08/11/2022
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Property Image
SOLD

Eddie Zhao Acquires 9-Unit Multifamily In Inland Empire For $2.7M

602 Graciela Court

See Similar Deals
MultiFamily11,115 SF
Sold 08/11/2022
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$242
Total Square Footage:11,115 SF
Transaction Type:Sale

A multifamily property located at 602 Graciella Ct. in the Inland Empire was recently sold for $2,700,000. The property consists of 9 units, with a price per unit of $300,000. The total square footage of the property is 11,115, with a price per square foot of $242.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,700,000
  • Units: 9
  • Price Per Unit: $300,000
  • Square Footage: 11,115
  • Price Per Square Foot: $242
  • Address: 602 Graciella Ct.
  • Market: Inland Empire

The buyer in this transaction was Eddie Zhao, while Rao Yalamanchili was the seller. The deal was facilitated by Eric Chen and Blake Torgerson of CBRE, who represented both parties.

Players

Blake Torgerson
48 deals$286.1M volume(714) 222-0696
BROKER

Eric Chen
CBRE
108 deals$886.6M volume(626) 757-5717
BROKER

Rao Yalamanchili
Positive Investments
8 deals$152.2M volume(626) 321-4800
BROKER

Details

SOLD
IMAGE: Eric Chen & Blake Torgerson DATE: 08/11/2022 ADDRESS: 602 Graciella Ct. MARKET: Inland Empire ASSET TYPE: Multifamily BUYER: Eddie Zhao SELLER: Rao Yalamanchili BROKERS: Eric Chen (@Eric_C_Chen) & Blake Torgerson (@BlakeTorg32) - CBRE SALE PRICE: $2,700,000 UNITS: 9 ~ PPU: $300,000 SF: 11,115 ~ PPSF: $242

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Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$9,592.53
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