Updated Dec 4, 2024
Jesse Chen Acquires 8-Unit Multifamily Property In Fontana For $1.92M
9281 Pepper Avenue
$1,920,000
$326/SF
Building Size
5,888 SF
Asset Type
MultiFamily
Closing
Oct 13, 2023
About this deal
AI
A multifamily property located at 9281 Pepper Avenue in Fontana has been sold for a price of $1,920,000. The property consists of 8 units, with a price per unit (PPU) of $240,000. The total square footage of the property is 5,888, with a price per square foot (PPSF) of $326.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,920,000
- Units: 8
- PPU: $240,000
- Square Footage: 5,888
- PPSF: $326
Jesse Chen has acquired the property from Linda Jacobson-Goldsman. Eric Chen, representing CBRE, acted as the buyer's representative in the deal. Rick Applebaum, from Morgan Skenderian Investment Real Estate Group, served as the seller's representative.
On the Map
$1,920,000
$326/SF
MultiFamily
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Fontana 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
8.26%
Cash-on-Cash
-2.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93