Marcus & Millichap Sells San Diego Multifamily On S. Bancroft St. For $3.5M
614 South Bancroft Street, San Diego, California 92113, United States
$3,500,000
$358/SF
Building Size
9,775 SF
Asset Type
MultiFamily
Closing
Jul 4, 2022
AI
The multifamily property located at 614-632 S. Bancroft St. in San Diego has been sold in a recent transaction. The sale was facilitated by Graeme Henderson and Wyatt Darien of Marcus & Millichap. The property consists of 12 units, with a selling price of $3,500,000. This translates to a price per unit (PPU) of $291,666.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $3,500,000
- Units: 12
- Price Per Unit (PPU): $291,666
- Address: 614-632 S. Bancroft St.
- Market: San Diego
Graeme Henderson and Wyatt Darien, representing Marcus & Millichap, played a crucial role in the transaction as the seller's representatives. They worked diligently to ensure the successful sale of the multifamily property on Bancroft Street.
Players
San Diego 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
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93