Updated Sep 9, 2024
CBRE Brokers $5.48M Sale Of Three Multifamily Properties In Orange County
609 S Cypress St Orange, CA 92866, USA
$5,480,000
$249/SF
Building Size
21,960 SF
Asset Type
MultiFamily
Closing
Jul 11, 2023
About this deal
AI
CBRE brokered the sales of three four-unit multifamily properties in Orange County, California, totaling $5.48 million to separate private buyers in just 10 days. The transactions garnered competitive offers and exceeded the asking prices, highlighting the strong demand for well-located multifamily properties in the area.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,480,000
- Units: 12
- Price Per Unit (PPU): $456,667
- Square Footage (SF): 21,960
- Price Per Square Foot (PPSF): $250
Dan Blackwell and Amanda Fielder, representing CBRE, were the brokers involved in this transaction.
Players
Los Angeles 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
2.89%
Cash-on-Cash
-0.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93