Updated Dec 21, 2023
Levin Johnston Brokers $26M Sale Of 52-Unit Multifamily Property In Hayward, CA
28955 Mission Boulevard, Hayward, California 94544, United States
$26,000,000
Units
52
Asset Type
MultiFamily
Closing
Oct 10, 2022
About this deal
AI
The multifamily property located at 28955 Mission Blvd in Hayward, CA has been sold for a total price of $26,000,000. The property spans approximately 2.85 acres and consists of 52 units. The sale was facilitated by brokers Robert Johnston, Adam Levin, and Kevin Turner from Levin Johnston, a part of Marcus & Millichap.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $26,000,000
- Address: 28955 Mission Blvd, Hayward, CA
- Market: Hayward, CA
- Asset Type: Multifamily
- Acres: 2.85
- Brokers: Robert Johnston, Adam Levin, and Kevin Turner - Levin Johnston - Marcus & Millichap
- Units: 52
- Price Per Unit: $500,000
The deal was successfully closed on 10/11/2022, demonstrating the expertise and professionalism of the brokers involved. This transaction represents a significant investment opportunity in the multifamily real estate market in Hayward, CA.
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
0.61%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93