Updated Oct 28, 2024
Barrett Terrace Housing LP Acquires 60& Unit Apartment Building In Richmond, CA For $3.148M
425 8th St, Richmond, California, USA
$3,148,000
$889/SF
Building Size
3,540 SF
Asset Type
MultiFamily
Closing
Oct 6, 2021
About this deal
AI
The property involved in this transaction is located at 425 8th St in Richmond, CA. It is an apartment complex consisting of 60 units or more. The property spans a total of 3,540 square feet. The transaction took place on October 7, 2021, with a sale price of $3,148,000. The price per square foot is $889.
Summary of transaction details
- Property Type: Apartments, 60 Units or More (28)
- Transaction Amount: $3,148,000
- Address: 425 8th St, Richmond, CA
- Market: Richmond, CA
The buyer in this deal is Barrett Terrace Housing Lp, while the seller is Barrett Terrace Housing Corporation.
Players
Richmond MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Browse California multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.04%
Cash-on-Cash
-1.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93