Updated Dec 21, 2023
Kahan Tobias Acquires Multifamily Property In Concord For $5.15M
3412 Willow Pass Rd, Concord, CA, USA
$5,150,000
$132/SF
Building Size
38,792 SF
Asset Type
MultiFamily
Closing
Jun 30, 2021
About this deal
AI
The multifamily property located at 3412 Willow Pass Rd. in Concord was recently sold for a total price of $5,150,000. The property spans a total area of 38,792 square feet, resulting in a price per square foot of $133. The transaction took place on July 1, 2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,150,000
- Address: 3412 Willow Pass Rd.
- Market: Concord
- Square Footage: 38,792
- Price per Square Foot: $133
Kahan Tobias served as the buyer in the transaction, while Soon Hae Hong & Ki Hak Hong acted as the sellers.
Players
Concord 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
3.08%
Cash-on-Cash
-0.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93