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Grant Lin & May Miao Acquire 20-Unit Multifamily Property In San Gabriel Valley For $6.1M

Property Image
SOLD
$6,125,000
Eric Chen
GL

California

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MultiFamily16,560 SF
Sold 07/26/2022
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Property Image
SOLD

Grant Lin & May Miao Acquire 20-Unit Multifamily Property In San Gabriel Valley For $6.1M

710 Claraday Street

See Similar Deals
MultiFamily16,560 SF
Sold 07/26/2022
Eric Chen
GL
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$369
Total Square Footage:16,560 SF
Transaction Type:Sale

A multifamily property located at 710 Claraday St. in San Gabriel Valley has been sold in a recent transaction. The property consists of 20 units with a total square footage of 16,560. The sale price for the property was $6,125,000, resulting in a per unit price of $306,250. The price per square foot is calculated to be $369.

Summary of Transaction Details:

  • Property Type: Multifamily
  • Transaction Amount: $6,125,000
  • Address: 710 Claraday St.
  • Market: San Gabriel Valley
  • Buyer: Grant Lin & May Miao
  • Seller: David M. Kavanagh
  • Broker: Eric Chen - CBRE

The buyers of the property were Grant Lin and May Miao. On the other hand, the seller was David M. Kavanagh. The deal was facilitated by Eric Chen from CBRE who represented the transaction as the broker.

Players

Eric Chen
CBRE
Eric Chen
108 deals$886.6M volume(626) 757-5717
BROKER
GL
Grant Lin
10 deals$114.5M volume
BUYER

Details

SOLD
IMAGE: Eric Chen DATE: 07/26/2022 ADDRESS: 710 Claraday St. MARKET: San Gabriel Valley ASSET TYPE: Multifamily BUYER: Grant Lin & May Miao SELLER: David M. Kavanagh BROKER: Eric Chen (@Eric_C_Chen) - CBRE SALE PRICE: $6,125,000 UNITS: 20 ~ PPU: $306,250 SF: 16,560 ~ PPSF: $369

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Debt Service Coverage Ratio (DSCR)

0.94x

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