Romney Kirsten Sells Multifamily Property At 4070 Utah Street San Diego For $3.15M
SOLD
$3,150,000
California
See Similar DealsMultiFamily6,764 SF
Sold 09/05/2025
SOLD
Romney Kirsten Sells Multifamily Property At 4070 Utah Street San Diego For $3.15M
4070 Utah Street
See Similar DealsMultiFamily6,764 SF
Sold 09/05/2025
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$465
Total Square Footage:6,764 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$168,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,191.28
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,932.61
Annual Debt Service$179,191.28
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