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627 East Virginia Terrace, ...

Filip Niculete, Glen Scher, JR Louie & Heriberto Eddie Farfan Acquire Santa Paula Multifamily For $1.27M
SOLDMultiFamily

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

Filip Niculete

Marcus & Millichap

Broker

$788.2M

vol

198 deals

Broker

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