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7411 Norwalk Boulevard

Northmarq Team of Peter Hauser & Jordan Hauser Represent Buyer & Seller in $10.6M Multifamily Transaction in Whittier
SOLDMultiFamily

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

Peter Hauser

Northmarq

Broker

$165.9M

vol

9 deals

Broker

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