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
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