Updated Dec 19, 2023
Chien Bing Chao Acquires Multifamily Property In Sunnyvale, CA For $8.2M
550 North Fair Oaks Avenue, Sunnyvale, California 94085, United States
$8,200,000
$695/SF
Building Size
11,794 SF
Asset Type
MultiFamily
Closing
Feb 2, 2022
About this deal
AI
A multifamily property located at 550 N Fair Oaks Ave in Sunnyvale, CA has been sold for $8,200,000. The property has a total area of 11,794 square feet, resulting in a price per square foot of $695.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $8,200,000
- Address: 550 N Fair Oaks Ave, Sunnyvale, CA
- Market: Sunnyvale, CA
- Buyer: Chien Bing Chao
- Seller: Cindy Yip & Ka Wai Yip & Grace Yip & Gordon Yip
- Square Footage: 11,794
The buyer of the property is represented by Chien Bing Chao, and the sale was completed on the 2nd of March, 2022.
Players
Sunnyvale 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
1.93%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93