Joe Chen Purchases Multifamily Asset In Whittier From Agnes Aceves For $4.8M
SOLD
$4,800,000
California
See Similar DealsMultiFamily18,700 SF
Sold 01/07/2026
SOLD
Joe Chen Purchases Multifamily Asset In Whittier From Agnes Aceves For $4.8M
6333 Milton Avenue
See Similar DealsMultiFamily18,700 SF
Sold 01/07/2026
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$256
Total Square Footage:18,700 SF
Transaction Type:Sale
The property asset involved in this transaction is a multifamily building located at 6333 Milton Avenue in the Whittier market. The sale price for the asset was $4,800,000, with a total square footage of 18,700, which translates to a price per square foot of $256.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,800,000
- Address: 6333 Milton Avenue
- Market: Whittier
- Square Footage: 18,700
- Price Per Square Foot: $256
- Buyer: Joe Chen
- Seller: Agnes Aceves
- Buyer's Representative: Nick Hayner - Maywood Property Group
Nick Hayner from Maywood Property Group represented the buyer, Joe Chen, and successfully negotiated a $1,400,000 price reduction for the buyer during the transaction. This negotiation reflects the strategic efforts undertaken to optimize the final deal for the buyer.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$256,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,053.38
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,754.45
Annual Debt Service$273,053.39
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