Updated Dec 21, 2023
Ted Shen Acquires Multifamily Property In Palo Alto, CA For $5.3M
403 James Road, Palo Alto, California 94306, United States
$5,328,000
$961/SF
Building Size
5,539 SF
Asset Type
MultiFamily
Closing
Feb 3, 2022
About this deal
AI
The multifamily property located at 403 James Rd in Palo Alto, CA has been sold in a transaction that closed on 02/04/2022. The property spans 5,539 square feet and was sold for a total price of $5,328,000, resulting in a price per square foot of $961.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,328,000
- Address: 403 James Rd, Palo Alto, CA
- Market: Palo Alto, CA
- Buyer: Ted Shen
- Seller: Diane J Davis & Regina A Davis
- Square Footage: 5,539
- Price per Square Foot: $961
Ted Shen acted as the buyer in this transaction, while Diane J Davis & Regina A Davis were the sellers.
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
2.98%
Cash-on-Cash
-0.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93