Filip Niculete & Glen Scher Represent Seller In $1.6M Multifamily Sale In Rancho Cucamonga
SOLD
$1,610,000
California
See Similar DealsMultiFamily5,508 SF
Sold 12/27/2019
SOLD
Filip Niculete & Glen Scher Represent Seller In $1.6M Multifamily Sale In Rancho Cucamonga
8231 Tapia Via Drive, Rancho Cucamonga, CA, USA
See Similar DealsMultiFamily5,508 SF
Sold 12/27/2019
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$292
Total Square Footage:5,508 SF
Transaction Type:Sale
The multifamily property located at 8231 Tapia Via in Rancho Cucamonga has been sold for a price of $1,610,000. The property consists of 6 units, covering a total area of 5,508 square feet, resulting in a price per square foot of $292.30. Each unit was sold at an average price of $268,333. This transaction took place on 12/27/2019.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,610,000
- Address: 8231 Tapia Via
- Market: Rancho Cucamonga
The seller was represented by Filip Niculete and Glen Scher from LA Apartment Advisors, while the buyer was represented by Adam Garcia.
Please note that no additional information is available regarding this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$85,866.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,719.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,632.22
Annual Debt Service$91,586.66
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