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311 Everett Avenue, Palo Al...

Chia Ying Tina Tsai & Mark Ming Hsun Lee Acquire Multifamily Property In Palo Alto, CA For $5.8M
SOLDMultiFamily

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

Marvin H Feinstein

Seller

$34.9M

vol

3 deals

Seller

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