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4070 Utah Street

Romney Kirsten Sells Multifamily Property At 4070 Utah Street San Diego For $3.15M
SOLDMultiFamily

Romney Kirsten Sells Multifamily Property At 4070 Utah Street San Diego For $3.15M

4070 Utah Street

$3,150,000

$465/SF

Building Size

6,764 SF

Asset Type

MultiFamily

Closing

Sep 5, 2025

AI

The property involved in this transaction is a multifamily asset located at 4070 Utah Street in the San Diego market. The transaction was concluded for a sale price of $3,150,000. This property consists of 10 units and has a total square footage of 6,764, resulting in a price per unit of $315,000 and a price per square foot of $465.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,150,000
  • Units: 10
  • Square Footage: 6,764
  • Price Per Unit: $315,000
  • Price Per Square Foot: $465
  • Seller: Romney Kirsten
  • Broker: Ben Sierpina - Marcus & Millichap

This transaction highlights the involvement of Romney Kirsten as the seller and Ben Sierpina representing the buyer through Marcus & Millichap. Their engagement underscores the dynamics of the multifamily property market in San Diego.

Players

Ben Sierpina

Marcus & Millichap

Broker

$57.3M

vol

10 deals

Broker
Marcus & Millichap
Marcus & MillichapBrokerage

San Diego 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

5.04%

Cash-on-Cash

-1.44%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93