Chia Ying Tina Tsai & Mark Ming Hsun Lee Acquire Multifamily Property In Palo Alto, CA For $5.8M
SOLD
$5,800,000
California
See Similar DealsMultiFamily5,600 SF
Sold 02/24/2022
SOLD
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
See Similar DealsMultiFamily5,600 SF
Sold 02/24/2022
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$1,035
Total Square Footage:5,600 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$309,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$20,606.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,494.96
Annual Debt Service$329,939.51
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