Updated Dec 19, 2023
The Mogharebi Group Sells 140-Unit Multifamily Property In Bermuda Dunes For $33.6M
79090 Avenue 42nd, Bermuda Dunes, CA, USA
$33,600,000
$461/SF
Building Size
72,745 SF
Asset Type
MultiFamily
Closing
Dec 6, 2020
About this deal
AI
The multifamily property located at 79090 42nd Ave in Bermuda Dunes has been sold in a recent transaction. The sale was facilitated by brokers Alex Mogharebi and Otto Ozen from The Mogharebi Group. The transaction took place on December 7, 2020.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $33,600,000
- Address: 79090 42nd Ave
- Market: Bermuda Dunes
- Number of Units: 140
- Price per Unit: $240,000
This transaction involved a multifamily property comprising 140 units. The property was sold for a total amount of $33,600,000, with each unit costing approximately $240,000. Located at 79090 42nd Ave in Bermuda Dunes, this asset holds value in the thriving multifamily market of the area.
Alex Mogharebi and Otto Ozen from The Mogharebi Group acted as brokers in this transaction. Their expertise and representation significantly contributed to the successful sale of this multifamily property in Bermuda Dunes.
On the Map
$33,600,000
$461/SF
MultiFamily
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Indio 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
0.47%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93