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809 Fairview Avenue, Arcadi...

Frances Chen Acquires Arcadia Multifamily For $7.2M From Vincent H Rossi
SOLDMultiFamily

Frances Chen Acquires Arcadia Multifamily For $7.2M From Vincent H Rossi

809 Fairview Avenue, Arcadia, California 91007, United States

$7,200,000

$485/SF

Building Size

14,824 SF

Asset Type

MultiFamily

Closing

Apr 26, 2022

AI

The multifamily property located at 809 Fairview Ave & 805 Fairview Ave in Arcadia, CA has been sold. The transaction took place on April 27, 2022, with Frances Chen as the buyer and Vincent H Rossi as the seller. The sale price for the property was $7,200,000. The property has a total square footage of 14,824, resulting in a price per square foot of $485.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $7,200,000
  • Square Footage: 14,824
  • Price per Square Foot: $485
  • Address: 809 Fairview Ave & 805 Fairview Ave, Arcadia, CA
  • Market: Arcadia, CA
  • Buyer: Frances Chen
  • Seller: Vincent H Rossi

The deal's key individuals involved in this transaction were Frances Chen as the buyer and Vincent H Rossi as the seller. Frances Chen was represented by 's REP, and Vincent H Rossi was represented by their respective brokers.

Players

Frances Chen

Buyer

$21.8M

vol

3 deals

Buyer

Arcadia 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

2.20%

Cash-on-Cash

-0.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93