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731 West Duarte Road

Peter Kloutsionis Buys Multifamily Asset At 731 West Duarte Road In Monrovia For $4.375M
SOLDMultiFamily

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.

Players

Han Widjaja Chen

Growth Investment Group

Broker

$99.3M

vol

21 deals

Broker

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