Updated Dec 20, 2023
Sik Hing Kwong Acquires Multifamily Property In San Gabriel For $5.075M
817 Padilla Street
$5,075,000
$40/SF
Building Size
125,580 SF
Asset Type
MultiFamily
Closing
May 26, 2020
About this deal
AI
A multifamily property located at 817 Padilla Street in San Gabriel has been sold for $5,075,000. The property spans across 12,558 square feet, resulting in a price per square foot of $404.12. This multifamily asset consists of 13 units, with an average price per unit of $390,384.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,075,000
- Address: 817 Padilla Street
- Market: San Gabriel
- Square Footage: 12,558
- Price per Square Foot: $404.12
- Number of Units: 13
- Price per Unit: $390,384
Zach Abaro acted as the seller in this transaction, while Sik Hing Kwong was the buyer. The deal was facilitated by Eric Chen and Andy Yu, who represented their respective clients.
Players
Valenzuela MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.13%
Cash-on-Cash
-0.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93