Updated Dec 20, 2023
Rosa Chavez Acquires Multifamily In Ontario For $2.3M
863 North Vineyard Avenue, Ontario, CA, USA
$2,300,000
$299/SF
Building Size
7,668 SF
Asset Type
MultiFamily
Closing
Aug 23, 2021
About this deal
AI
The multifamily property located at 863 & 905 N. Vineyard Avenue in Ontario has been sold for $2,300,000. The transaction took place on August 23, 2021. The property consists of 8 units with a total square footage of 7,668, resulting in a price per square foot of $299. The buyer of this property is Rosa Chavez, while the seller is Steven Bromberg. Representing the seller in this deal were Eric Chen and Blake Torgerson.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,300,000
- Units: 8
- Price per Unit: $287,500
- Square Footage: 7,668
- Price per Square Foot: $299
- Buyer: Rosa Chavez
- Seller: Steven Bromberg
- Seller's Representative: Eric Chen & Blake Torgerson
Rosa Chavez is the buyer of the multifamily property on Vineyard Avenue in Ontario. Representing the seller, Steven Bromberg, in this transaction were Eric Chen and Blake Torgerson. This sale reflects a total price of $2,300,000 for the property, which encompasses 8 units with a combined square footage of 7,668. The price per unit was $287,500, while the price per square foot was $299.
Ontario 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
6.90%
Cash-on-Cash
-1.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93