Socal Apartment Advisors Brokers Facilitate $5.25M Sale Of Special Purpose Asset In San Gabriel Valley
251 South Elwood Avenue
$5,250,000
$280/SF
Building Size
18,721 SF
Asset Type
Special Purpose
Closing
Jul 22, 2022
AI
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.
Players
Tulsa Special Purpose Market Snapshot
Boundary boundary · Special Purpose · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.02%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93