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951 S Beach Blvd, La Habra,...

GID Acquires La Habra Multifamily For $182.5M
SOLDMultiFamily

GID Acquires La Habra Multifamily For $182.5M

951 S Beach Blvd, La Habra, CA, USA

$182,500,000

Building Size

Asset Type

MultiFamily

Closing

Dec 8, 2021

AI

The multifamily property located at 951 S. Beach Blvd. in La Habra has been sold for a transaction amount of $182,500,000. The property consists of 335 units, with a per unit price of $544,776. The sale took place on 12/08/2021.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $182,500,000
  • Address: 951 S. Beach Blvd., La Habra
  • Market: La Habra

The buyer of the property was GID, while the sellers were Northwestern Mutual and Fairfield Residential. Joe Leon from Voit represented the buyer in this transaction.

Players

Joe Leon

Broker

$494.8M

vol

7 deals

Broker
G
GIDBuyer
Northwestern Mutual
Northwestern Mutual Lender

La Habra MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.09%

Cash-on-Cash

-0.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93