Updated Dec 19, 2023
Ibrahim Shariff Acquires Apartment Complex In Moraga, CA For $10.6M
344 Rheem Boulevard, Moraga, California 94556, United States
$10,600,000
$514/SF
Building Size
20,597 SF
Asset Type
MultiFamily
Closing
Feb 16, 2022
About this deal
AI
The apartment property located at 344 Rheem Blvd in Moraga, CA was recently sold in a closed transaction. The property spans a total area of 20,597 square feet and was sold at a price of $10,600,000. This translates to a price per square foot of $514.
Summary of transation details
- Property Type: Apartment
- Transaction Amount: $10,600,000
- Square Footage: 20,597
- Address: 344 Rheem Blvd, Moraga, CA
The buyer of this apartment property was Ibrahim Shariff, while the seller was Jeff Smith.
On the Map
$10,600,000
$514/SF
MultiFamily
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Moraga 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
1.50%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93