Updated Sep 9, 2024
Yuan Shen Acquires Multifamily Property In Santee, CA For $7.16M
9301 E Heaney Cir, Santee, California 92071, United States
$7,159,000
$511,357/SF
Building Size
14 SF
Asset Type
MultiFamily
Closing
Apr 17, 2023
About this deal
AI
A multifamily property located at 9301 E Heaney Cir in Santee, CA has been sold for a price of $7,159,000. The property consists of 10 units with an average price per unit of $715,900. It spans across 14,777 square feet, resulting in a price per square foot of $484.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $7,159,000
- Units: 10
- Price Per Unit: $715,900
- Square Footage: 14,777
- Price Per Square Foot: $484
The buyer of the property is Yuan Shen, while the seller is Bryan Underwood & Sean Jones. The transaction was facilitated by Aaron Bove of The Bove Group.
Players
Santee 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
2.22%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93