facebook
Traded Co logo
Submit

GID Acquires La Habra Multifamily For $182.5M

Property Image
SOLD
$182,500,000

California

See Similar Deals
MultiFamily
Sold
the dealplayerscompscontact
Property Image
SOLD

GID Acquires La Habra Multifamily For $182.5M

951 S Beach Blvd, La Habra, CA, USA

See Similar Deals
MultiFamily
Sold
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale

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

7 deals$494.8M volume
BROKER

BUYER



Details

SOLD
IMAGE: Joe Leon DATE: 12/08/2021 ADDRESS: 951 S. Beach Blvd. MARKET: La Habra ASSET TYPE: Multifamily BUYER: GID SELLER: Northwestern Mutual & Fairfield Residential BROKER: Joe Leon - Voit SALE PRICE: $182,500,000 UNITS: 335 ~ PPU: $544,776

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

Contact

Get in touch with the broker you want

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
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$9,733,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$648,383.97
Cash-on-Cash Return-1.27%
Monthly Debt Service$865,143.11
Annual Debt Service$10,381,717.29