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Russ Pantleo Acquires San Gabriel Multifamily For $10.25M

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SOLD
$10,250,000

California

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MultiFamily23,805 SF
Sold 01/04/2023
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Property Image
SOLD

Russ Pantleo Acquires San Gabriel Multifamily For $10.25M

6933 Rosemead Boulevard

See Similar Deals
MultiFamily23,805 SF
Sold 01/04/2023
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$430
Total Square Footage:23,805 SF
Transaction Type:Sale

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
21 deals$99.3M volume(626) 224-2495
BROKER

Details

SOLD
IMAGE: Han Widjaja Chen ADDRESS: 6933 Rosemead Boulevard MARKET: San Gabriel ASSET TYPE: Multifamily BUYER: Russ Pantleo SELLER: Tracy Thong BROKER: Han Widjaja Chen (@HanWidjajaChen) - Growth Investment Group ASKING PRICE: $11,000,000 SALE PRICE: $10,250,000 UNITS: 40 ~ PPU: $256,250 SF: 23,805 ~ PPSF: $431

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$36,416.08
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