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22189 S Garden Ave, Hayward...

Levin Johnston Represents Dimond Property LP In $30.8M Hayward Multifamily Sale
SOLDMultiFamily

Levin Johnston Represents Dimond Property LP In $30.8M Hayward Multifamily Sale

22189 S Garden Ave, Hayward, CA, USA

$30,800,000

Building Size

Asset Type

MultiFamily

Closing

Jul 27, 2020

AI

The multifamily property located at 22189 S. Garden Ave. & 22120 Center St. in Hayward has been sold in a recent transaction. The sale was facilitated by Adam Levin, Robert Johnston, and Chris Saiz of Levin Johnston from Marcus & Millichap. The property, owned by Dimond Property LP and represented by Brian Murphy and Adeline Machado, was sold for $30,800,000. This multifamily asset consists of 96 units, with a per unit price of $320,833.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $30,800,000
  • Address: 22189 S. Garden Ave. & 22120 Center St., Hayward
  • Market: Hayward

Adam Levin, Robert Johnston, and Chris Saiz of Levin Johnston from Marcus & Millichap acted as the brokers in this sale. They represented the sellers, Dimond Property LP, and their representatives Brian Murphy and Adeline Machado. These individuals played a significant role in facilitating the transaction for the multifamily property in Hayward.

Players

Adam Levin

Marcus & Millichap

Broker

$519.2M

vol

26 deals

Broker

Brian Murphy

Seller

$32.7M

vol

3 deals

Seller

Hayward 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

0.52%

Cash-on-Cash

-0.15%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93