Richard Tod Spieker & Catherine Spieker Acquire Multifamily Property In Palo Alto, CA For $4.5M
SOLD
$4,500,000
California
See Similar DealsMultiFamily6,925 SF
Sold 12/21/2021
SOLD
Richard Tod Spieker & Catherine Spieker Acquire Multifamily Property In Palo Alto, CA For $4.5M
4170 Byron Street, Palo Alto, California 94306, United States
See Similar DealsMultiFamily6,925 SF
Sold 12/21/2021
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$649
Total Square Footage:6,925 SF
Transaction Type:Sale
The multifamily property located at 4170 Byron St in Palo Alto, CA has been sold. The property spans 6,925 square feet and was sold for a price of $4,500,000, resulting in a price per square foot of $650.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,500,000
- Square Footage: 6,925
- Price per Square Foot: $650
- Address: 4170 Byron St, Palo Alto, CA
- Market: Palo Alto, CA
The buyer of the property is Richard Tod Spieker and Catherine Spieker, while the seller is David V Vanni.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$240,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,987.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,332.30
Annual Debt Service$255,987.55
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