Updated Dec 18, 2023
Marcus & Millichap Facilitates $19M Sale Of Stanton Multifamily Building On Bever Place
8080 Bever Place, Stanton, California 90680, United States
$19,000,000
Units
58
Asset Type
MultiFamily
Closing
Oct 19, 2022
About this deal
AI
Located in Stanton, CA, the multifamily property at 8080 Bever Place recently changed hands in a closed transaction. The deal was facilitated by Tyler Leeson and Matt Kipp from Marcus & Millichap. The property consists of 58 units, offering a per unit price of $327,586.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $19,000,000
- Date: 10/20/2022
- Address: 8080 Bever Place
- Market: Stanton, CA
It's worth noting the involvement of Tyler Leeson and Matt Kipp from Marcus & Millichap as the brokers representing the buyer and seller in this transaction. Their expertise and negotiation skills played a crucial role in finalizing the deal.
Players
Stanton 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
0.83%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93