Updated Dec 21, 2023
Trevor Zink Acquires Multifamily Property In Palo Alto For $6.2M
350 Channing Avenue, Palo Alto, California 94301, United States
$6,152,022
$2,480/SF
Building Size
2,480 SF
Asset Type
MultiFamily
Closing
Jun 14, 2022
About this deal
AI
The multifamily property located at 350 Channing Ave in Palo Alto, CA was recently sold. The transaction took place on June 15, 2022. The property spans a total area of 2,480 square feet. The sale price for the property was $6,152,022, resulting in a price per square foot of $2,480.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $6,152,022
- Address: 350 Channing Ave, Palo Alto, CA
- Market: Palo Alto, CA
Trevor Zink acted as the buyer in this transaction, while the sellers were Shelly Pederson and Stuart Pederson.
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
2.58%
Cash-on-Cash
-0.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93