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
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