Integrity Housing & Ascenda Capital Acquires Multifamily Property In Bay Area For $31.6M
1818 Laguna Street, Concord, California 94520, United States
$31,600,000
Units
102
Asset Type
MultiFamily
Closing
Mar 30, 2022
AI
Located in the Bay Area, the multifamily property at 1818, 1819, and 1850 Laguna Street has been sold in a recent transaction. The deal was finalized on March 31, 2022.
Summary of transaction details:
- Property Type: Multifamily
- Sale Price: $31,600,000
- Units: 102
- Price Per Unit (PPU): $309,803
- Market: Bay Area
The buyer of this property is a partnership between Integrity Housing and Ascenda Capital. Phil Wood and Matt Avital are the representatives involved in the deal.
Players
Concord MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.50%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93