Multifamily building sold 7/2022 back on the market
[https://www.realtor.com/realestateandhomes-detail/25907-Oak-St\_Lomita\_CA\_90717\_M15465-13918](https://www.realtor.com/realestateandhomes-detail/25907-Oak-St_Lomita_CA_90717_M15465-13918)

Someone familiar with this property or local market know what's stirring here? 

Sold $8.4 7/2022, back on market $10.7

Was $8.4 a bargain?

What market nuances are in play?

No mention of capital improvement. Cost of financing significantly above what it was in July. 

Just 3 photo's. 

Thank you.
[{"id": "ixv29ag", "text": "Call the agent and ask them", "replies": [], "depth": 1}, {"id": "ixv3icz", "text": "You can ask any price you want. Marcus &amp; Millichap is good at that.", "replies": [{"id": "ixxakkl", "text": "Slime ball city", "replies": [], "depth": 2}], "depth": 1}, {"id": "ixv4gyz", "text": "Someone overpaid, and they are trying to hopefully pass the buck on to the next sucker who they hope will also overpay.", "replies": [{"id": "ixvj59z", "text": "Greater fool theory at work. musical chairs, and the seller doesn\u2019t want the asset at the price they purchased it at and they want profit on top as well.", "replies": [], "depth": 2}], "depth": 1}, {"id": "ixvdmmg", "text": "Use LoopNet for CRE. The cap rate is 3.69% and they want above a 16x multiplier. Even at $8.4M it was a 4.7% cap rate.\n\nhttps://www.loopnet.com/Listing/25907-Oak-St-Lomita-CA/27045421/\n\n\nEdit: I'll add before a brigade comes, I'm not saying LoopNet is the best, but it's a better start than realtor.com", "replies": [], "depth": 1}, {"id": "ixvkl97", "text": "Looks like someone that thinks they got a deal based on per unit basis that doesn't grasp CAP rates and DSCR constraints.", "replies": [], "depth": 1}, {"id": "ixvtnbd", "text": "They could have increased rents while they\u2019ve  owned it.", "replies": [], "depth": 1}, {"id": "ixw0tr3", "text": "Owned by Campbell Family Investments Irvine.", "replies": [], "depth": 1}, {"id": "ixwp59s", "text": "Why would you want this pos, looks like trash", "replies": [{"id": "ixxe607", "text": "I specifically look for sites with deferred maintenance.", "replies": [{"id": "ixy2dvp", "text": "A lot of people do. Some people think that their desired investment strategy is the only investment strategy of worth.", "replies": [{"id": "ixz3tog", "text": "That\u2019s not my only strategy. I have nearly all asset classes. I was responding to his ridiculous comment.", "replies": [{"id": "iy0gv22", "text": "I was re-affirming your statement towards his comment he made from ignorance.", "replies": [{"id": "iy0hbdw", "text": "Sorry bud, misread it.", "replies": [{"id": "iy26eii", "text": "No problem. Even with the mis-inferred offense, you handled it with class. Kudos.", "replies": [], "depth": 7}], "depth": 6}], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "ixxb7u8", "text": "They might have had a wedge deal where they needed to increase rent or fill vacany to sell at a higher price. \n\nThey might be offering a deal where they hold the paper at the interest rate they paid and buyer only needs to finance the 2M+ delta at todays rates.", "replies": [], "depth": 1}]