Daniel Cabeayyos Acquires Monterey Hills Multifamily For $709,000

The multifamily property located at 3811 Monterey Road in Monterey Hills has been sold. The transaction took place on 05/21/2021.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $709,000
• Address: 3811 Monterey Road
• Market: Monterey Hills

The buyer of the property is Daniel Cabeayyos, while the sellers are Ben & Nancy Kim. The deal was facilitated by brokers Daniel Hirth from DHirth5 and Alex Reyhan from The Hirth Group.

The property was originally listed for $759,000, but the sale was finalized at a price of $709,000. The multifamily asset consists of 3 units, resulting in a price per unit of $236,333. The total square footage of the property is 2,375, leading to a price per square foot of $298. The capitalization rate (CAP) for this transaction is 4.07%.