Updated Dec 21, 2023
Cushman & Wakefield Facilitates $5.96M Sale Of Multifamily Property In Westminster, CA
8361 15th Street, Westminster, California 92683, United States
$5,960,000
Units
20
Asset Type
MultiFamily
Closing
Sep 27, 2022
About this deal
AI
Located at 8361 15th Street in Westminster, CA, this multifamily property has recently been sold. The sale was facilitated by Mark Bridge of Cushman & Wakefield, who represented the buyer and seller in the transaction.
Summary of transaction details:
- Property Type: Multifamily
- Sale Price: $5,960,000
- Units: 20
- Price Per Unit (PPU): $298,000
- Date: 09/28/2022
- Market: Westminster, CA
This sale is a significant achievement for both the buyer and the seller. The property offers 20 units, each with a PPU of $298,000. With a total sale price of $5,960,000, this transaction represents a substantial investment in the multifamily market in Westminster, CA.
On the Map
$5,960,000
MultiFamily
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Players
Westminster 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
2.66%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93