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
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