Updated Dec 19, 2023
David H Kim & Meeran Kim Acquire Multifamily Property On Park Ave In San Jose, CA For $6.2M
1828 Park Avenue, San Jose, California 95126, United States
$6,172,022
$987/SF
Building Size
6,248 SF
Asset Type
MultiFamily
Closing
Jun 16, 2022
About this deal
AI
The multifamily property located at 1828 Park Ave in San Jose, CA has been sold in a closed transaction. The property spans a total of 6,248 square feet and was sold for a price of $6,172,022, resulting in a price per square foot of $987.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6,172,022
- Buyer: David H Kim & Meeran Kim
- Seller: Samuel L Eliacin
- Address: 1828 Park Ave, San Jose, CA
- Market: San Jose, CA
The buyers of the property are David H Kim & Meeran Kim, while the seller is Samuel L Eliacin. The transaction reflects a significant investment in the multifamily asset, highlighting the attractiveness of the property and the market it is located in.
Players
San Jose 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
2.57%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93