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
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