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618 San Gabriel Boulevard

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

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

618 San Gabriel Boulevard

$1,810,000

$411/SF

Building Size

4,400 SF

Asset Type

MultiFamily

Closing

May 13, 2025

AI

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

CBRE

Broker

$886.6M

vol

108 deals

Broker

Rosemead 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

8.76%

Cash-on-Cash

-2.50%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93