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Greg McKnight Acquires Alhambra Multifamily From Russ Pantleo For $1.818M

Property Image
SOLD
$1,818,000

California

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MultiFamily2,522 SF
Sold 08/22/2023
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Property Image
SOLD

Greg McKnight Acquires Alhambra Multifamily From Russ Pantleo For $1.818M

705 South Almansor Street

See Similar Deals
MultiFamily2,522 SF
Sold 08/22/2023
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$720
Total Square Footage:2,522 SF
Transaction Type:Sale

A multifamily property located at 705 South Almansor Street in Alhambra has been sold in a recent transaction. The property consists of four units with a total square footage of 2,522. The asking price for the property was $1,690,000, and it was sold for $1,818,000, resulting in a price per unit of $454,500. The price per square foot for the property was $721.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,818,000
  • Units: 4
  • Price per Unit: $454,500
  • Square Footage: 2,522
  • Price per Square Foot: $721
  • Date: 08/22/2023
  • Market: Alhambra
  • Buyer: Greg McKnight
  • Seller: Russ Pantleo
  • Broker: Han Widjaja Chen - Growth Investment Group

The buyer of the property was Greg McKnight, and the seller was Russ Pantleo. The transaction was facilitated by Han Widjaja Chen from Growth Investment Group, acting as the broker representing 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 DATE: 08/22/2023 ADDRESS: 705 South Almansor Street MARKET: Alhambra ASSET TYPE: Multifamily BUYER: Greg McKnight SELLER: Russ Pantleo BROKER: Han Widjaja Chen (@HanWidjajaChen) - Growth Investment Group ASKING PRICE: $1,690,000 SALE PRICE: $1,818,000 UNITS: 4 ~ PPU: $454,500 SF: 2,522 ~ PPSF: $721

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$96,960.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,458.97
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,618.25
Annual Debt Service$103,418.97