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
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