Updated Dec 21, 2023
Eric Chen & Andy Yu Sell Multifamily Property In San Gabriel For $2.32M
712 Padilla Street, San Gabriel, CA, USA
$2,320,000
$345/SF
Building Size
6,716 SF
Asset Type
MultiFamily
Closing
Nov 30, 2020
About this deal
AI
The multifamily property located at 712 Padilla Street in San Gabriel was recently sold for a price of $2,320,000. The sale took place on 12/01/2020. The property consists of 11 units, with a per unit price of $210,909. It has a total square footage of 6,716, resulting in a price per square foot of $345. The capitalization rate for this transaction is 4.52%, and the gross rent multiplier is 13.78.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,320,000
- Address: 712 Padilla Street
- Market: San Gabriel
The seller's representatives for this transaction were Eric Chen and Andy Yu, who can be contacted on Instagram via their respective handles @Eric_C_Chen and @And23yU.
Players
San Gabriel 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
6.84%
Cash-on-Cash
-1.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93