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3839 Divisadero Street, San...

Veritas Investments Acquires 18-Unit Multifamily In San Francisco For $13.3M
SOLDMultiFamily

Veritas Investments Acquires 18-Unit Multifamily In San Francisco For $13.3M

3839 Divisadero Street, San Francisco, California 94123, United States

$13,300,000

Units

18

Asset Type

MultiFamily

Closing

Oct 9, 2022

AI

An 18-unit multifamily property located at 3839 Divisadero Street in San Francisco, CA has been sold for $13,300,000. The sale was facilitated by Sandy Skeie from Marcus & Millichap.

Summary of transaction details

  • Property Type: Multifamily
  • Sale Price: $13,300,000
  • Address: 3839 Divisadero Street, San Francisco, CA
  • Market: San Francisco, CA
  • Buyer: Veritas Investments - Yang Pat-Au & Ron Heckmann
  • Broker: Sandy Skeie - Marcus & Millichap
  • Units: 18
  • Price Per Unit (PPU): $738,889

The buyer of the property is Veritas Investments, represented by Yang Pat-Au & Ron Heckmann. Sandy Skeie from Marcus & Millichap acted as the broker in this transaction.

Players

Sanford G. Skeie

Marcus & Millichap

Broker

$20.6M

vol

2 deals

Broker
VI
Veritas InvestmentsBuyer

San Francisco 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

1.19%

Cash-on-Cash

-0.34%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93