Christian Concepcion Acquires Multifamily Property In Claremont, CA For $5.3M
SOLD
$5,300,000
California
See Similar DealsMultiFamily26,872 SF
Sold 03/02/2022
SOLD
Christian Concepcion Acquires Multifamily Property In Claremont, CA For $5.3M
765 Baylor Avenue, Claremont, California 91711, United States
See Similar DealsMultiFamily26,872 SF
Sold 03/02/2022
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$197
Total Square Footage:26,872 SF
Transaction Type:Sale
The multifamily property located at 765 Baylor Ave & 755 Baylor Ave in Claremont, CA has been sold for a total price of $5,300,000. The property spans across 26,872 square feet, resulting in a price per square foot of $197.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,300,000
- Square Footage: 26,872
- Price Per Square Foot: $197
- Address: 765 Baylor Ave & 755 Baylor Ave, Claremont, CA
- Market: Claremont, CA
Christian Concepcion has acquired the property from the seller, Rao R. Yalamanchili.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$282,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,829.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$25,124.70
Annual Debt Service$301,496.45
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