Eric Lever Acquires Multifamily Property In Anaheim, Orange County For $7.9M
SOLD
$7,900,000
California
See Similar DealsMultiFamily21,162 SF
Sold 05/19/2020
SOLD
Eric Lever Acquires Multifamily Property In Anaheim, Orange County For $7.9M
9922 Broadway, Anaheim, Orange County, CA, USA
See Similar DealsMultiFamily21,162 SF
Sold 05/19/2020
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$373
Total Square Footage:21,162 SF
Transaction Type:Sale
An apartment complex located at 9922 Broadway in Anaheim, Orange County, was recently sold in a multifamily transaction. The property spans 21,162 square feet, with a sale price of $7,900,000, resulting in a price per square foot of $373.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $7,900,000
- Address: 9922 Broadway, Anaheim, Orange County
- Market: Anaheim, Orange County
Eric Lever purchased the property from Jim & Susan Colombo. The deal was facilitated by brokers Dan Blackwell from MultifamilySocal, Priscilla Nee from PNee168, and Sara Kheradmandan from SaraKheradd.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$421,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$28,067.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$37,450.03
Annual Debt Service$449,400.36
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