Updated Dec 21, 2023
Kanan S Rau & Sheshagiri V Rau Acquire Multifamily Property In Mountain View, CA For $6.1M
216 Mountain View Avenue, Mountain View, California 94041, United States
$6,172,022
$1,228/SF
Building Size
5,025 SF
Asset Type
MultiFamily
Closing
Jun 16, 2022
About this deal
AI
The multifamily property located at 216 Mountain View Ave in Mountain View, CA, has been sold in a recent transaction. The property spans across 5,025 square feet and was sold for a price of $6,172,022, resulting in a price per square foot of $1,228.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $6,172,022
- Address: 216 Mountain View Ave, Mountain View, CA
- Market: Mountain View, CA
- Buyer: Kanan S Rau & Sheshagiri V Rau
- Seller: Zachary C Segal, Emily C Shao & Shao Segal
- Square Footage: 5,025
- Price per Square Foot: $1,228
The buyers of the property are Kanan S Rau and Sheshagiri V Rau. On the other hand, the sellers are Zachary C Segal, Emily C Shao, and Shao Segal. These individuals played crucial roles in the transaction, with the buyers acquiring the property and the sellers relinquishing their ownership.
Players
Mountain View 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