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6933 Rosemead Boulevard

Updated Dec 4, 2024

Russ Pantleo Acquires San Gabriel Multifamily For $10.25M
SOLDMultiFamily

Russ Pantleo Acquires San Gabriel Multifamily For $10.25M

6933 Rosemead Boulevard

$10,250,000

$430/SF

Building Size

23,805 SF

Asset Type

MultiFamily

Closing

Jan 4, 2023

About this deal

AI

The multifamily property located at 6933 Rosemead Boulevard in San Gabriel has been sold in a recent transaction. The property consists of 40 units with a total square footage of 23,805. The asking price for the property was $11,000,000, and it was sold for $10,250,000, resulting in a per unit price of $256,250. The price per square foot for the property is $431.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $10,250,000
  • Units: 40
  • Price per Unit: $256,250
  • Square Footage: 23,805
  • Price per Square Foot: $431

Russ Pantleo has purchased the property from Tracy Thong in this transaction. The deal was facilitated by Han Widjaja Chen from Growth Investment Group, who represented both the buyer and the seller.

Players

Han Widjaja Chen

Growth Investment Group

Broker

$99.3M

vol

21 deals

Broker

Russ Pantleo

Buyer

$12.1M

vol

2 deals

Buyer

San Gabriel MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $430 per square foot on a published $10.3M for 23,805 square feet (2023).

Visit Han Widjaja Chen to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.55%

Cash-on-Cash

-0.44%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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