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614 South Bancroft Street, ...

Marcus & Millichap Sells San Diego Multifamily On S. Bancroft St. For $3.5M
SOLDMultiFamily

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

Robert Graeme Henderson

Marcus & Millichap

Broker

$20M

vol

4 deals

Broker

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