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6762 Warner Avenue

The Mogharebi Group Sells 310-Unit Multifamily Property In Huntington Beach For $127M
SOLDMultiFamily

The Mogharebi Group Sells 310-Unit Multifamily Property In Huntington Beach For $127M

6762 Warner Avenue

$127,000,000

Building Size

Asset Type

MultiFamily

Closing

Jan 11, 2024

AI

The multifamily property located at 6762 Warner Avenue in Huntington Beach has been sold. The transaction was facilitated by Brett Bayless, Bryan LaBar, and Nick Earl from The Mogharebi Group, representing the seller. The property was purchased for a total sale price of $127,000,000. It sits on a spacious 14.05-acre lot and consists of 310 units, resulting in a per unit price of $409,677.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $127,000,000
  • Address: 6762 Warner Avenue, Huntington Beach
  • Market: Huntington Beach
  • Units: 310
  • Price per Unit: $409,677
  • Acres: 14.05

Acting as the mortgage broker in this transaction was Jason Krupoff from Bellwether Enterprise. His involvement was crucial in facilitating the deal between the buyer and the seller. The Mogharebi Group, with representatives Brett Bayless, Bryan LaBar, and Nick Earl, played an essential role in representing the seller and ensuring a successful sale of the multifamily property.

Players

Brett Bayless

Broker

$150.4M

vol

3 deals

Broker

Huntington Beach 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

0.12%

Cash-on-Cash

-0.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93