Socal Apartment Advisors Brokers Facilitate $5.25M Sale Of Special Purpose Asset In San Gabriel Valley
SOLD
$5,250,000
California
See Similar DealsSpecial Purpose18,721 SF
Sold 07/22/2022
SOLD
Socal Apartment Advisors Brokers Facilitate $5.25M Sale Of Special Purpose Asset In San Gabriel Valley
251 South Elwood Avenue
See Similar DealsSpecial Purpose18,721 SF
Sold 07/22/2022
Summary
CALIFORNIA
Asset Type:Special Purpose
Price Per Square Foot:$280
Total Square Footage:18,721 SF
Transaction Type:Sale
The special purpose property located at 251 S. Elwood Ave. in the San Gabriel Valley was recently sold for a total price of $5,250,000. Spanning across 18,721 square feet, the property showcases its unique characteristics in the area. The transaction took place on 07/22/2022, with a price per square foot (PPSF) of $280.
Summary of transaction details:
- Property Type: Special Purpose
- Transaction Amount: $5,250,000
- Address: 251 S. Elwood Ave.
- Market: San Gabriel Valley
- Square Footage: 18,721 SF
- Price per Square Foot: $280
The deal was facilitated by the Socal Apartment Advisors. The team involved in the transaction includes Eric Chen, Jason Chao, and Steven Saunders, who represented their respective parties. Their expertise and negotiation skills resulted in the successful completion of the sale.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$280,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,652.13
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,887.68
Annual Debt Service$298,652.14
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