Updated Dec 21, 2023
Sal Ruiz & Harrett W Mannina Jr Acquire Sunnyvale Multifamily For $3.5M
1331 South Wolfe Road, Sunnyvale, California 94087, United States
$3,500,000
$55/SF
Building Size
63,024 SF
Asset Type
MultiFamily
Closing
May 5, 2022
About this deal
AI
The multifamily property located at 1331 S Wolfe Rd in Sunnyvale, CA was recently sold. The property spans 63,024 square feet and was sold for a price of $3,500,000, resulting in a price per square foot of $55.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,500,000
- Address: 1331 S Wolfe Rd, Sunnyvale, CA
- Market: Sunnyvale, CA
- Buyer: Sal Ruiz & Harrett W Mannina Jr
- Seller: Cynthia Elaine Stipanov & Cynthia Lull Stipanov
- Square Footage: 63,024
- Price per Square Foot: $55
The buyer of the property is Sal Ruiz & Harrett W Mannina Jr, while the sellers are Cynthia Elaine Stipanov & Cynthia Lull Stipanov.
Players
Sunnyvale 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
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93