Updated Dec 21, 2023
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
About this deal
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.
On the Map
$3,500,000
$358/SF
MultiFamily
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Players
San Diego 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
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93