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815 Fairview Avenue, Arcadi...

Frances Chen Acquires Multifamily Property In Arcadia, CA For $3.73M
SOLDMultiFamily

Frances Chen Acquires Multifamily Property In Arcadia, CA For $3.73M

815 Fairview Avenue, Arcadia, California 91007, United States

$3,730,000

$506/SF

Building Size

7,371 SF

Asset Type

MultiFamily

Closing

Apr 24, 2022

AI

The multifamily property located at 815 Fairview Ave in Arcadia, CA has been sold for a price of $3,730,000. The property spans across 7,371 square feet, resulting in a price per square foot of $506.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $3,730,000
  • Property Address: 815 Fairview Ave, Arcadia, CA
  • Buyer: Frances Chen
  • Seller: Robert Clements
  • Square Footage: 7,371
  • Price Per Square Foot: $506

Frances Chen has acquired the property as the buyer, while Robert Clements has sold it as the seller.

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

4.25%

Cash-on-Cash

-1.22%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93