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Highridge Partners Inc Purchases Nine-Unit Apartment Building In San Diego For $2.55M
SOLD
$2,550,000
California
See Similar DealsSingle Family
Sold 08/01/2024
SOLD
Highridge Partners Inc Purchases Nine-Unit Apartment Building In San Diego For $2.55M
4033 36th Street
See Similar DealsSingle Family
Sold 08/01/2024
Summary
CALIFORNIA
Asset Type:Single Family
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$136,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,059.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,088.30
Annual Debt Service$145,059.61
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