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705 South Almansor Street

Updated Dec 4, 2024

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

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

705 South Almansor Street

$1,818,000

$720/SF

Building Size

2,522 SF

Asset Type

MultiFamily

Closing

Aug 22, 2023

About this deal

AI

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

Growth Investment Group

Broker

$99.3M

vol

21 deals

Broker

Russ Pantleo

Seller

$12.1M

vol

2 deals

Seller

Alhambra MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $720 per square foot on a published $1.8M for 2,522 square feet (2023).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

8.73%

Cash-on-Cash

-2.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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