Updated Oct 28, 2024
Hien Tran Acquires Multifamily Property On College Ave For $4.3M
322 College Avenue, Palo Alto, California 94306, United States
$4,338,000
$880/SF
Building Size
4,927 SF
Asset Type
MultiFamily
Closing
Feb 24, 2022
About this deal
AI
The multifamily property located at 322 College Ave in Palo Alto, CA has been sold in a closed transaction. The property spans 4,927 square feet and was sold for a price of $4,338,000, resulting in a price per square foot of $880.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,338,000
- Address: 322 College Ave, Palo Alto, CA
- Market: Palo Alto, CA
The buyer for this transaction is Hien Tran, while the seller is Marvin Properties Real Estate Partnership.
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
3.66%
Cash-on-Cash
-1.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93