CBRE Brokers Eric Chen Kevin Sin & Blake Torgerson Facilitate $6.15M Multifamily Sale In Fontana
SOLD
$6,150,000
California
See Similar DealsMultiFamily21,866 SF
Sold 05/29/2025
SOLD
CBRE Brokers Eric Chen Kevin Sin & Blake Torgerson Facilitate $6.15M Multifamily Sale In Fontana
9223 Cypress Avenue
See Similar DealsMultiFamily21,866 SF
Sold 05/29/2025
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$281
Total Square Footage:21,866 SF
Transaction Type:Sale
This multifamily asset located at 9223 Cypress Avenue in Fontana comprises 14 units, encompassing a total of 16,868 square feet. The sale price for this property was $6,150,000, reflecting a price per unit of $439,285 and a price per square foot of $365.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $6,150,000
- Units: 14
- Square Footage: 16,868
- Price Per Unit: $439,285
- Price Per Square Foot: $365
- Market: Fontana
The transaction involved brokers Eric Chen, Kevin Sin, and Blake Torgerson from CBRE, who represented the parties involved in this deal. Their role was crucial in facilitating the successful completion of the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$328,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$21,849.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,154.14
Annual Debt Service$349,849.65
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