Mission apartment building sold for $1M above assessed value
The 23-unit property sold for $3.1 million and was assessed at just under $2 million
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A 23-unit apartment building in Mission has sold for $3.1 million, Marcus & Millichap Real Estate Investment Services reports.
The 23-unit multi-family building is located on a 15,247-square-foot lot, with future redevelopment opportunity under Commercial Core Downtown zoning. The property sold for more than a million above its assessed value, at approximately $134,247 per unit.
The property is located at 33250 Second Ave., Mission.
No. of Units: 23
Lot Size: 15,247 SF
Property Type: Multi-family
2017 B.C. Assessment Value: $1,971,000
Date of Sale: 09/28/2018
Name of Brokerage: Marcus & Millichap Real Estate Investment Services Canada Inc.
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