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Don Gip And Ray Wong Acquire Multifamily Property From Charles Caturia For $1.81M

Property Image
SOLD
$1,810,000

California

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MultiFamily4,400 SF
Sold 05/13/2025
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Property Image
SOLD

Don Gip And Ray Wong Acquire Multifamily Property From Charles Caturia For $1.81M

618 San Gabriel Boulevard

See Similar Deals
MultiFamily4,400 SF
Sold 05/13/2025
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$411
Total Square Footage:4,400 SF
Transaction Type:Sale

The property asset involved in this transaction is a multifamily unit located at 618 San Gabriel Boulevard in Rosemead. The sale was finalized for a total price of $1,810,000, comprising 6 units with a price per unit of $301,666. The total square footage of the property is 4,400, resulting in a price per square foot of $411.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,810,000
  • Units: 6
  • Price per Unit: $301,666
  • Square Footage: 4,400
  • Price per Square Foot: $411
  • Buyer: Don Gip & Ray Wong
  • Seller: Charles Caturia
  • Brokers: Eric Chen & Justino L. Fa’aola - CBRE

This transaction involved buyers Don Gip and Ray Wong acquiring the property from seller Charles Caturia. The deal was facilitated by brokers Eric Chen and Justino L. Fa’aola, who represented the involved parties through the transaction process. Their agency is CBRE.

Players

Eric Chen
108 deals$886.6M volume(626) 757-5717
BROKER

Justino L. Fa’aola
Compass
19 deals$78.4M volume(626) 315-7603
BROKER

Details

SOLD
IMAGE: Eric Chen & Justino L. Fa’aola DATE: 5/13/2025 ADDRESS: 618 San Gabriel Boulevard MARKET: Rosemead ASSET TYPE: Multifamily BUYER: Don Gip & Ray Wong SELLER: Charles Caturia BROKERS: Eric Chen (@Eric_c_Chen) & Justino L. Fa’aola (@JustinFaaola) - CBRE (@CBRE) SALE PRICE: $1,810,000 UNITS: 6 ~ PPU: $301,666 SF: 4,400 ~ PPSF: $411 .Faaola

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$96,533.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,430.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,580.32
Annual Debt Service$102,963.88