The Katz Family Acquires Multifamily Property In Carlsbad, CA For $9.3M
SOLD
$9,300,000
California
See Similar DealsMultiFamily11,388 SF
Sold 11/07/2022
SOLD
The Katz Family Acquires Multifamily Property In Carlsbad, CA For $9.3M
945 Pine Ave, Carlsbad, CA 92008, USA
See Similar DealsMultiFamily11,388 SF
Sold 11/07/2022
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$816
Total Square Footage:11,388 SF
Transaction Type:Sale
The multifamily property located at 945 Pine Ave in Carlsbad, CA has been sold in a closed transaction. The property consists of 20 units with a total of 11,388 square feet. The sale price for this transaction was $9,300,000, resulting in a price per unit of $465,000 and a price per square foot of $817.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $9,300,000
- Address: 945 Pine Ave, Carlsbad, CA
- Units: 20
- Price per Unit: $465,000
- Total Square Feet: 11,388
- Price per Square Foot: $817
The buyer of this property was The Katz Family, represented by Conor Brennan from Marcus & Millichap. The seller was ORKA Holdings, represented by Phillip Buckley from CBRE.
Players
SELLER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$496,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$33,040.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$44,086.74
Annual Debt Service$529,040.94
Is there something missing? Send suggestions