Updated Dec 21, 2023
Mehran Ghafooriansedigh & Susan Mihandoost Acquire San Jose Multifamily For $4.25M
4910 Canto Drive, San Jose, California 95124, United States
$4,250,000
$879/SF
Building Size
4,835 SF
Asset Type
MultiFamily
Closing
May 31, 2022
About this deal
AI
The multifamily property located at 4910 Canto Dr in San Jose, CA was recently sold for a price of $4,250,000. The property spans a total of 4,835 square feet, resulting in a price per square foot of $879. The transaction took place on June 1, 2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,250,000
- Address: 4910 Canto Dr, San Jose, CA
- Market: San Jose, CA
- Buyer: Mehran Ghafooriansedigh & Susan Mihandoost
- Seller: Patricia A Bertucelli, Anthony S Cosentino & Angela Cosentino
- Square Footage: 4,835
- Price per Square Foot: $879
Mehran Ghafooriansedigh and Susan Mihandoost are the buyers of this property, while Patricia A Bertucelli, Anthony S Cosentino, and Angela Cosentino are the sellers. The transaction represents a significant investment in the San Jose multifamily market.
Players
San Jose 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
3.73%
Cash-on-Cash
-1.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93