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1809 East 17th Street

James V. Carter & Angelo La Bruna Of Apartment Realty Group Represent Buyer In National City Multifamily Sale For $4.45M
SOLDMultiFamily

James V. Carter & Angelo La Bruna Of Apartment Realty Group Represent Buyer In National City Multifamily Sale For $4.45M

1809 East 17th Street

$4,450,000

$326/SF

Building Size

13,652 SF

Asset Type

MultiFamily

Closing

Apr 7, 2025

AI

The multifamily asset, Sunny View Apartment Homes, is located at 1809 East 17th Street in National City. The property comprises 20 units and has a total square footage of 13,652. The sale price was $4,450,000, resulting in a price per unit of $222,500 and a price per square foot of $325.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $4,450,000
  • Units: 20
  • Square Footage: 13,652
  • Price Per Unit: $222,500
  • Price Per Square Foot: $325
  • Address: 1809 East 17th Street
  • Market: National City

James V. Carter and Angelo La Bruna of Apartment Realty Group, Inc represented the buyer in this transaction. They facilitated the negotiation for the sale, where the buyer intends to undertake both interior and exterior renovations. At the time of sale, there were several vacant units within the complex.

Players

Angelo La Bruna

Apartment Realty Group (ARG)

Broker

$88.6M

vol

14 deals

Broker

National City 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

3.56%

Cash-on-Cash

-1.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93