Updated Dec 21, 2023
South Gate Multifamily Sells For $2.1M With Rick Raymundo, Oscar Diaz, And Anthony Rodriguez
9512 San Luis Ave, South Gate, CA, USA
$2,100,000
$333/SF
Building Size
6,305 SF
Asset Type
MultiFamily
Closing
Mar 14, 2019
About this deal
AI
The multifamily property located at 9512 San Luis Ave in South Gate has been sold for $2,100,000. The property consists of 10 units with a total square footage of 6,305, resulting in a price per square foot of $333. The cap rate for this transaction is 4.53%, and the gross rent multiplier is 13.54. Each unit was sold at a price of $210,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,100,000
- Address: 9512 San Luis Ave
- Market: South Gate
- Square Footage: 6,305
- Price per Square Foot: $333
- Cap Rate: 4.53%
- Gross Rent Multiplier: 13.54
- Units: 10
- Price per Unit: $210,000
The sale of this multifamily property was facilitated by Rick Raymundo, Oscar Diaz, and Anthony Rodriguez, representing their respective agencies.
On the Map
$2,100,000
$333/SF
MultiFamily
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Players
South Gate 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
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93