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
Arcadia MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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