Updated Sep 9, 2024
Vasant Chapatwala Acquires Multifamily Property In Imperial Beach For $5.25M
612 Delaware Street, Imperial Beach, California 91932, United States
$5,250,000
$375/SF
Building Size
14,000 SF
Asset Type
MultiFamily
Closing
Mar 8, 2022
About this deal
AI
The multifamily property located at 612 Delaware St in Imperial Beach, CA has been sold in a recent transaction. The sale was facilitated by Jason Lee from JLM Real Estate.
Summary of transaction details:
- Property Type: Multifamily
- Sale Price: $5,250,000
- Number of Units: 19
- Price Per Unit: $276,316
- Square Footage: 14,000
- Price Per Square Foot: $375
- Market: Imperial Beach, CA
Vasant Chapatwala acquired the property from the seller, Benjamin Swede. The transaction demonstrates the demand for multifamily assets in Imperial Beach, CA.
On the Map
$5,250,000
$375/SF
MultiFamily
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Players
Imperial Beach 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
3.02%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93