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
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