Peter Kloutsionis Buys Multifamily Asset At 731 West Duarte Road In Monrovia For $4.375M
731 West Duarte Road
$4,375,000
$286/SF
Building Size
15,280 SF
Asset Type
MultiFamily
Closing
Aug 21, 2024
AI
The multifamily asset located at 731 West Duarte Road in Monrovia features 17 units with a total square footage of 15,280. The transaction was finalized at a sale price of $4,375,000, resulting in a price per unit of $257,352 and a price per square foot of $286.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,375,000
- Units: 17
- Square Footage: 15,280
- Price Per Unit: $257,352
- Price Per Square Foot: $286
- Buyer: Peter Kloutsionis
- Seller: Cho Wu
- Broker: Han Widjaja Chen - Growth Investment Group
This transaction involved Peter Kloutsionis acquiring the property from Cho Wu, with Han Widjaja Chen representing the broker side through Growth Investment Group, facilitating the negotiations and details surrounding the sale.
Monrovia 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
3.63%
Cash-on-Cash
-1.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93