Updated Dec 4, 2024
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
San Gabriel 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
1.55%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93