Updated Dec 21, 2023
Joel Kelly Acquires Concord Apartment From Brad Vaughn For $27.5M
1841 Laguna Street, Concord, California 94520, United States
$27,500,000
$323/SF
Building Size
84,939 SF
Asset Type
MultiFamily
Closing
May 17, 2022
About this deal
AI
The apartment property located at 1841 Laguna St, Concord, CA has been sold in a closed transaction on May 18, 2022. The property spans across 84,939 square feet, with a price of $27,500,000. The price per square foot is $323.
Summary of transaction details
- Property Type: Apartment
- Transaction Amount: $27,500,000
- Square Footage: 84,939
- Price per Square Foot: $323
Joel Kelly has purchased the property from Brad Vaughn in this transaction.
The multifamily sale at 1841 Laguna Street, Concord, California 94520, United States in Concord, California sold for $27.5M in 2022. The building is 84,939 square feet, implying about 323 per square foot on the published price. This page is the Concord, California file for the 1841 Laguna Street, Concord, California 94520, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Concord sit in the Market section below. Filter that Concord multifamily set by closing date to see what else sold near 1841 Laguna Street, Concord, California 94520, United States around 2022. Published consideration for 1841 Laguna Street, Concord, California 94520, United States is $27.5M, dated 2022. Cite this Joel Kelly Acquires Concord Apartment From Brad Vaughn For $27.5M sale when underwriting similar multifamily product around Concord, California.
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Concord 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
0.58%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93