Updated Dec 21, 2023
Tom & Terri Nguyen Acquire 6952 Westpark Place Multifamily For $9.6M
6952 Westpark Place, Westminster, CA, USA
$9,600,000
$333/SF
Building Size
28,752 SF
Asset Type
MultiFamily
Closing
Dec 30, 2020
About this deal
AI
The multifamily property located at 6952 Westpark Place in Westminster, Orange County was sold on December 31, 2020. The transaction was facilitated by Dan Blackwell from MultifamilySocal.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $9,600,000
- Address: 6952 Westpark Place
- Market: Westminster, Orange County
The buyers, Tom & Terri Nguyen, purchased the property from sellers Deanna & Louie Armstrong, Yvonne Little, Juanita Moore, Michael Tater, and Shannon Tater. Dan Blackwell, representing MultifamilySocal, served as the broker in this transaction.
The property spans a total of 28,752 square feet, with a price per square foot of $333.
Players
Westminster 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
1.65%
Cash-on-Cash
-0.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93