Updated Oct 29, 2024
W Mission Blvd Multi LLC Acquires Pomona’s Twin Palm Apartments For $10.4M
West Mission Boulevard, Pomona, CA, USA
$10,400,000
$337/SF
Building Size
30,860 SF
Asset Type
Other
Closing
Nov 7, 2018
About this deal
AI
Pomona’s Twin Palm Apartments, located on West Mission Blvd., has been sold for a price of $10,400,000. The property spans a total area of 30,860 square feet, with a price per square foot of $337. This multifamily asset comprises 83 units, resulting in a price per unit of $125,300. The transaction took place on November 8, 2018, with Alex Mogharebi and Otto Ozen handling the sale.
Summary of transaction details:
- Property Type: Pomona’s Twin Palm Apartments
- Transaction Amount: $10,400,000
- Address: West Mission Blvd.
- Square Footage: 30,860
- Price Per Square Foot: $337
- Number of Units: 83
- Price Per Unit: $125,300
The buyer in this transaction is W Mission Blvd Multi LLC, while the seller is Elizabeth Hagins. Alex Mogharebi and Otto Ozen represented the parties involved in this deal.
Players
Pomona Other Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.53%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93