Updated Dec 21, 2023
Louis Kwok & David Nelson Acquire Multifamily Property On Sanchez St. In San Francisco For $1.7M
1139 Sanchez Street, San Francisco, CA, USA
$1,700,000
$650/SF
Building Size
2,615 SF
Asset Type
MultiFamily
Closing
Apr 14, 2021
About this deal
AI
A multifamily property located at 1139-1141 Sanchez St. in San Francisco has recently been sold. The property consists of 2 units with a total square footage of 2,615. The asking price for this property was $1,650,000, and it was ultimately sold for $1,700,000. This translates to a price per unit of $850,000 and a price per square foot of $650. The property boasts a cap rate of 2.75%.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,700,000
- Units: 2
- PPU: $850,000
- SF: 2,615
- PPSF: $650
- CAP: 2.75%
The sale of this multifamily property was facilitated by Louis Kwok and David Nelson. They represented the parties involved in the deal and helped facilitate the transaction.
Players
San Francisco MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.33%
Cash-on-Cash
-2.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93