Updated Dec 18, 2023
Multifamily Property Acquired In Palm Desert For $3.4M
73881 Fred Waring Drive, Palm Desert, CA, USA
$3,400,000
$236/SF
Building Size
14,400 SF
Asset Type
MultiFamily
Closing
Apr 13, 2021
About this deal
AI
A multifamily property located at 73881 Fred Waring Drive in Palm Desert has been sold for $3,400,000. The property spans a total of 14,400 square feet, resulting in a price per square foot of $236.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $3,400,000
- Market: Palm Desert
- Address: 73881 Fred Waring Drive
The sale of this multifamily property was facilitated by brokers Cray A. Carlson and Kevin Sin.
The multifamily sale at 73881 Fred Waring Drive, Palm Desert, CA, USA in Palm Desert, California sold for $3.4M in 2021. The building is 14,400 square feet, implying about 236 per square foot on the published price. Kevin Sin, Cray Carlson, CBRE appear on the sale alongside CBRE. This page is the Palm Desert, California file for the 73881 Fred Waring Drive, Palm Desert, CA, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Palm Desert sit in the Market section below. Filter that Palm Desert multifamily set by closing date to see what else sold near 73881 Fred Waring Drive, Palm Desert, CA, USA around 2021. Published consideration for 73881 Fred Waring Drive, Palm Desert, CA, USA is $3.4M, dated 2021. Cite this Multifamily Property Acquired In Palm Desert For $3.4M sale when underwriting similar multifamily product around Palm Desert, California.
Palm Desert 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
4.67%
Cash-on-Cash
-1.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93