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941 Oak Avenue, Carlsbad, C...

DN Holdings LLC Acquires Multifamily Property In Carlsbad For $5.2M
SOLDMultiFamily

DN Holdings LLC Acquires Multifamily Property In Carlsbad For $5.2M

941 Oak Avenue, Carlsbad, California 92008, United States

$5,200,000

Building Size

Asset Type

MultiFamily

Closing

Feb 14, 2022

AI

A multifamily property located at 941-947 Oak Ave. in Carlsbad has been sold for a total price of $5,200,000. The transaction took place on 02/15/2022 and involved 11 units. The buyer, DN Holdings LLC, acquired the property from the seller, North A LLC, in this closed property transaction.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $5,200,000
  • Units: 11
  • Price per Unit: $472,727

The sale of the property at 941-947 Oak Ave. was facilitated by brokers Abe Peay and Jeff Diller of South Coast Commercial Inc. They represented the buyer, DN Holdings LLC, and played a key role in ensuring the successful completion of the transaction.

Players

Abe Peay

BridgePoint Realty, Inc

Broker

$41.2M

vol

7 deals

Broker

Carlsbad 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

3.05%

Cash-on-Cash

-0.87%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93