Updated Sep 4, 2026
1600 Standiford Avenue Multifamily Sold For $26.6M With Brian Nakamura Nazli Santana Otto Ozen As Brokers
1600 Standiford Avenue
$26,600,000
$333/SF
Building Size
79,850 SF
Asset Type
MultiFamily
Closing
Sep 1, 2026
About this deal
AI
The asset involved in this transaction is a multifamily property located at 1600 Standiford Avenue in Modesto. The sale price for this asset was $26,600,000, comprising 100 units. The total square footage of the property is 79,850, resulting in a price per unit of $266,000 and a price per square foot of $333.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $26,600,000
- Address: 1600 Standiford Avenue
- Market: Modesto
- Units: 100
- Square Footage: 79,850
- Price Per Unit: $266,000
- Price Per Square Foot: $333
The deal was brokered by Brian Nakamura, Nazli Santana, and Otto Ozen from The Mogharebi Group, who represented the parties involved in this transaction.
On the Map
$26,600,000
$333/SF
MultiFamily
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Players
Modesto 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
0.60%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93