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CBRE Brokers $4.25M Sale Of Multifamily Property In Anaheim

Property Image
SOLD
$4,250,000
Sean Farag
Daniel (Dan) Blackwell
Andrew Boukather

California

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MultiFamily
Sold 07/18/2023
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Property Image
SOLD

CBRE Brokers $4.25M Sale Of Multifamily Property In Anaheim

921 S Trident St Anaheim, Ca 92804, Usa

See Similar Deals
MultiFamily
Sold 07/18/2023
Sean Farag
Daniel (Dan) Blackwell
Andrew Boukather
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale

An attractive 12-unit multifamily property in Anaheim, California has been sold for $4.25 million. The property, located at 921-927 South Trident Street, presented a promising opportunity in a competitive rental market with limited inventory.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $4,250,000
  • Market: Anaheim

CBRE brokered the sale of this property to a private investor engaged in a 1031 exchange. The transaction was facilitated by Sean Farag, Dan Blackwell, and Andrew Boukather - CBRE representatives. This successful deal highlights the expertise and capability of CBRE in the real estate industry.

Players

Daniel (Dan) Blackwell
CBRE
Daniel Blackwell
61 deals$439.4M volume(949) 725-8655
BROKER
Sean Farag
CBRE
Sean Farag
5 deals$24.8M volume(949) 291-8400
BROKER
Andrew Boukather
MBI Equity Partners
Andrew Boukather
11 deals$64.5M volume(949) 809-3629
BROKER

Details

SOLD
IMAGE: Dan Blackwell, Andrew Boukather & Sean Farag DATE: 07/18/2023 ADDRESS: 921-927 South Trident Street MARKET: Anaheim ASSET TYPE: Multifamily BROKERS: Sean Farag (@HFaragcre), Dan Blackwell (@Multifamilysocal) & Andrew Boukather - CBRE (@CBRE) SALE PRICE: $4,250,000 UNITS: 12 ~ PPU: $354,167 NOTE: CBRE brokered the sale of a 12-unit multifamily property in Anaheim, California to a private investor engaged in a 1031 exchange. The property sold for $4.25 million and presented attractive potential in a competitive rental market with limited inventory.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$226,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$15,099.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,147.17
Annual Debt Service$241,766.02