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710 Claraday Street

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

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

710 Claraday Street

$6,125,000

$369/SF

Building Size

16,560 SF

Asset Type

MultiFamily

Closing

Jul 26, 2022

AI

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

Broker

$886.6M

vol

108 deals

Broker

Grant Lin

Buyer

$114.5M

vol

10 deals

Buyer

Glendora 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

2.59%

Cash-on-Cash

-0.74%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93