Northmarq Team of Peter Hauser & Jordan Hauser Represent Buyer & Seller in $10.6M Multifamily Transaction in Whittier
7411 Norwalk Boulevard
$10,600,000
$324/SF
Building Size
32,670 SF
Asset Type
MultiFamily
Closing
Sep 12, 2024
AI
The property asset involved in this transaction is a multifamily building located at 7411 Norwalk Boulevard in Whittier. The sale price for the property was $10,600,000, and it consists of 35 units encompassing a total of 32,670 square feet, resulting in a price per unit of $302,857 and a price per square foot of $324.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $10,600,000
- Units: 35
- Square Feet: 32,670
- Price Per Unit: $302,857
- Price Per Square Foot: $324
- Buyer: Anna Fletcher & Chris Fletcher - CFK Partners
- Seller: George & Carol Taunton
- Broker Representatives: Peter Hauser & Jordan Hauser - NorthMarq
The transaction was facilitated by broker representatives Peter Hauser and Jordan Hauser from NorthMarq, representing the buyer CFK Partners. The deal reflects the collaboration between Anna and Chris Fletcher, along with sellers George and Carol Taunton, highlighting the roles these individuals played in the successful completion of this multifamily property sale.
Players
Whittier 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
1.50%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93