Neel Pujara Sells Multifamily Property At 975 Laguna Drive In Carlsbad For $9.55M
975 Laguna Drive
$9,550,000
$565/SF
Building Size
16,891 SF
Asset Type
MultiFamily
Closing
Oct 10, 2025
AI
The property involved in this transaction is a multifamily asset located at 975 Laguna Drive, Carlsbad. The sale was finalized for a total amount of $9,550,000, which corresponds to 20 units, with a price per unit of $477,500 and a total square footage of 16,891, resulting in a price per square foot of $565.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $9,550,000
- Units: 20
- Price Per Unit: $477,500
- Square Footage: 16,891
- Price Per Square Foot: $565
- Seller: Neel Pujara
- Seller's Representative: Angelo La Bruna & James V. Carter - Apartment Realty Group (ARG)
The transaction was executed by Neel Pujara as the seller, with representation from brokers Angelo La Bruna and James V. Carter, who are associated with Apartment Realty Group (ARG). This collaboration highlights the involvement of experienced professionals in the multifamily real estate sector, facilitating a successful transaction.
Players
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
1.66%
Cash-on-Cash
-0.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93