Updated Dec 4, 2024
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
Alhambra 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
8.73%
Cash-on-Cash
-2.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93