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Steven Quach Acquires Multifamily Asset From Christopher Hilbert In Montclair For $3.55M

Property Image
SOLD
$3,550,000
Justino L. Fa’aola
Eric Chen

California

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MultiFamily12,701 SF
Sold 12/26/2024
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Property Image
SOLD

Steven Quach Acquires Multifamily Asset From Christopher Hilbert In Montclair For $3.55M

10325 Lehigh Avenue

See Similar Deals
MultiFamily12,701 SF
Sold 12/26/2024
Justino L. Fa’aola
Eric Chen
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$279
Total Square Footage:12,701 SF
Transaction Type:Sale

This multifamily property located at 10325 Lehigh Avenue in the Montclair market consists of 13 units and spans a total square footage of 12,701. The property was sold for $3,550,000, resulting in a price per unit of $273,077 and a price per square foot of $279.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,550,000
  • Units: 13
  • Square Footage: 12,701
  • Price Per Unit: $273,077
  • Price Per Square Foot: $279
  • Buyer: Steven Quach
  • Seller: Christopher Hilbert
  • Brokers: Justino L. Fa’aola & Eric Chen - CBRE

In this transaction, brokers Justino L. Fa’aola and Eric Chen represented the parties involved in the sale. The transaction took place on December 26, 2024, encapsulating the dynamics of the market at that time.

Players

Eric Chen
CBRE
Eric Chen
108 deals$886.6M volume(626) 757-5717
BROKER
Justino L. Fa’aola
Compass
Justino L. Fa’aola
19 deals$78.4M volume(626) 315-7603
BROKER

Details

SOLD
IMAGE: Eric Chen & Justino L. Fa’aola DATE: 12/26/2024 ADDRESS: 10325 Lehigh Avenue MARKET: Montclair ASSET TYPE: Multifamily BUYER: Steven Quach SELLER: Christopher Hilbert BROKERS: Justino L. Fa’aola (@JustinFaaola) & Eric Chen (@Eric_c_Chen) - CBRE (@CBRE) SALE PRICE: $3,550,000 UNITS: 13 ~ PPU: $273,077 SF: 12,701 ~ PPSF: $279

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$189,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$12,612.41
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,828.81
Annual Debt Service$201,945.73