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863 North Vineyard Avenue, ...

Updated Dec 20, 2023

Rosa Chavez Acquires Multifamily In Ontario For $2.3M
SOLDMultiFamily

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.

Players

Blake Torgerson

CBRE

Broker

$345.9M

vol

53 deals

Broker

Ontario MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $299 per square foot on a published $2.3M for 7,668 square feet (2021).

Visit Eric Chen to view all their deals.

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

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