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975 Laguna Drive

Neel Pujara Sells Multifamily Property At 975 Laguna Drive In Carlsbad For $9.55M
SOLDMultiFamily

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

Angelo La Bruna

Apartment Realty Group (ARG)

Broker

$88.6M

vol

14 deals

Broker
Apartment Realty Group (ARG)
Apartment Realty Group (ARG)Brokerage

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