Northmarq Team of Peter Hauser & Jordan Hauser Represent Buyer & Seller in $10.6M Multifamily Transaction in Whittier
SOLD
$10,600,000
California
See Similar DealsMultiFamily32,670 SF
Sold 09/12/2024
SOLD
Northmarq Team of Peter Hauser & Jordan Hauser Represent Buyer & Seller in $10.6M Multifamily Transaction in Whittier
7411 Norwalk Boulevard
See Similar DealsMultiFamily32,670 SF
Sold 09/12/2024
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$324
Total Square Footage:32,670 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$565,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$37,659.58
Cash-on-Cash Return-1.27%
Monthly Debt Service$50,249.41
Annual Debt Service$602,992.89
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