George Klause Purchases Whittier Multifamily Asset From Elsa Galvan For $2.6 Million
SOLD
$2,600,000
California
See Similar DealsMultiFamily9,515 SF
Sold 10/30/2025
SOLD
George Klause Purchases Whittier Multifamily Asset From Elsa Galvan For $2.6 Million
6311 Newlin Avenue
See Similar DealsMultiFamily9,515 SF
Sold 10/30/2025
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$273
Total Square Footage:9,515 SF
Transaction Type:Sale
The property involved in this transaction is a multifamily asset located at 6311 Newlin Avenue in the Whittier market. The sale price for the property was $2,600,000, consisting of 10 units. The total square footage of the property amounts to 9,515, resulting in a price per unit of $260,000 and a price per square foot of $273.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,600,000
- Units: 10
- Square Footage: 9,515
- Price Per Unit: $260,000
- Price Per Square Foot: $273
- Buyer: George Klause
- Seller: Elsa Galvan
- Brokers: Eric Chen & Blake Torgerson - CBRE
Key individuals in this transaction include buyer George Klause and seller Elsa Galvan. The deal was facilitated by brokers Eric Chen and Blake Torgerson, who represent CBRE in this transaction.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$138,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,237.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,325.33
Annual Debt Service$147,903.92
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