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:
- Property Type: Single Family
- Transaction Amount: $2,550,000
- Units: 9
- Price Per Unit: $283,333
- Buyer: Highridge Partners Inc
- Broker Representing Seller: Austin Ray Huffman & Christopher Zorbas - Marcus & Millichap
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
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