Updated Dec 20, 2023
Kimberly C Trinh & Steven V Trinh Acquire Multifamily Property In Azusa, CA For $8.3M
621 North Cerritos Avenue, Azusa, California 91702, United States
$8,300,000
$356/SF
Building Size
23,270 SF
Asset Type
MultiFamily
Closing
Feb 27, 2022
About this deal
AI
The multifamily property located at 621 N Cerritos Ave in Azusa, CA has been sold. The transaction took place on 02/28/2022. The property spans over 23,270 square feet and was sold for a price of $8,300,000, resulting in a price per square foot of $356.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $8,300,000
- Address: 621 N Cerritos Ave, Azusa, CA
- Market: Azusa, CA
- Buyer: Kimberly C Trinh & Steven V Trinh
- Seller: Bing Liu
Kimberly C Trinh & Steven V Trinh were the buyers in this transaction, while Bing Liu served as the seller.
Players
Azusa 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
1.91%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93