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4033 36th Street

Highridge Partners Inc Purchases Nine-Unit Apartment Building In San Diego For $2.55M
SOLDSingle Family

Highridge Partners Inc Purchases Nine-Unit Apartment Building In San Diego For $2.55M

4033 36th Street

$2,550,000

Building Size

Asset Type

Single Family

Closing

Aug 1, 2024

AI

The property involved in this transaction is a single-family asset located at 4033 36th Street in the San Diego market. It was sold for $2,550,000 and consists of 9 units, resulting in a price per unit of $283,333. This property had not been on the market for over 40 years.

Summary of transaction details:

The transaction was brokered by Marcus & Millichap, highlighting the expertise of Austin Ray Huffman and Christopher J. Zorbas, who represented the seller in this sale. Highridge Partners Inc. was the purchasing entity for the property.

Players

Christopher Zorbas

Marcus & Millichap

Broker

$739.8M

vol

20 deals

Broker

San Diego Single Family Market Snapshot

Boundary boundary · Single Family · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.22%

Cash-on-Cash

-1.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93