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6311 Newlin Avenue

George Klause Purchases Whittier Multifamily Asset From Elsa Galvan For $2.6 Million
SOLDMultiFamily

George Klause Purchases Whittier Multifamily Asset From Elsa Galvan For $2.6 Million

6311 Newlin Avenue

$2,600,000

$273/SF

Building Size

9,515 SF

Asset Type

MultiFamily

Closing

Oct 30, 2025

AI

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

Blake Torgerson

CBRE

Broker

$286.1M

vol

48 deals

Broker
CBRE
CBREBrokerage

Whittier 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

6.10%

Cash-on-Cash

-1.74%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93