Chia Ying Tina Tsai & Mark Ming Hsun Lee Acquire Multifamily Property In Palo Alto, CA For $5.8M
311 Everett Avenue, Palo Alto, California 94301, United States
$5,800,000
$1,035/SF
Building Size
5,600 SF
Asset Type
MultiFamily
Closing
Feb 23, 2022
AI
A multifamily property located at 311 Everett Ave in Palo Alto, CA recently sold for a price of $5,800,000. The property spans a total of 5,600 square feet, resulting in a price per square foot of $1,035.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,800,000
- Address: 311 Everett Ave, Palo Alto, CA
- Market: Palo Alto, CA
- Square Footage: 5,600
- Price per Square Foot: $1,035
The buyers of the property were Chia Ying Tina Tsai and Mark Ming Hsun Lee. The sellers of the property were Carol B Feinstein and Marvin H Feinstein.
Players
Palo Alto 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
2.73%
Cash-on-Cash
-0.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93