Filip Niculete, Glen Scher, JR Louie & Heriberto Eddie Farfan Acquire Santa Paula Multifamily For $1.27M
627 East Virginia Terrace, Santa Paula, CA, USA
$1,270,000
$211/SF
Building Size
6,020 SF
Asset Type
MultiFamily
Closing
Mar 22, 2020
AI
A multifamily property located at 627 E Virginia Terrace in Santa Paula was recently sold for a price of $1,270,000. This property consists of 7 units with a total square footage of 6,020. The price per square foot for this transaction was $210.96. The average price per unit was calculated to be $181,428.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,270,000
- Square Footage: 6,020
- Price per Square Foot: $210.96
- Number of Units: 7
- Price per Unit: $181,428
The sale of this multifamily property was handled by brokering agents Filip Niculete, Glen Scher, JR Louie, and Heriberto "Eddie" Farfan.
Players
Santa Paula 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
12.49%
Cash-on-Cash
-3.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93