API Completes the Sale of a $3.5m 12-Unit Property in Zaferia
Alden Pacific Investments recently closed on a 12-unit property located at 1431 Obispo Ave. The seller was represented by John Alden, who closed the deal at $3.5m. The property traded at a CAP rate of 5.1% and a GRM of 12.87. The unit mix consists of (1) 3 bedroom/ 2 bath townhouse and (11) 2 bedroom/1 bath units.
We listed this property during the start of the pandemic and tailored our marketing strategy accordingly. We were able to help the client dispose of the asset in a timely manner while generating multiple offers in a competitive market.
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