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

Property Image
SOLD
$7,200,000

California

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MultiFamily14,824 SF
Sold 04/27/2022
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Property Image
SOLD

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

809 Fairview Avenue, Arcadia, California 91007, United States

See Similar Deals
MultiFamily14,824 SF
Sold 04/27/2022
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$485
Total Square Footage:14,824 SF
Transaction Type:Sale

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

FC
Frances Chen
3 deals$21.8M volume
BUYER

Details

SOLD
IMAGE: 04/27/2022 ADDRESS: 809 Fairview Ave & 805 Fairview Ave MARKET: Arcadia, CA ASSET TYPE: Multifamily BUYER: Frances Chen SELLER: Vincent H Rossi PRICE: $7,200,000 SF: 14,824 ~ PPSF: $485

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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$25,580.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$34,131.67
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