Updated Dec 4, 2024
Steven Michael Vega Acquires Multifamily Property In San Jose For $10.05M
576 South 5th Street, San Jose, California 95112, United States
$10,050,000
$406/SF
Building Size
24,728 SF
Asset Type
MultiFamily
Closing
Jan 26, 2022
About this deal
AI
The multifamily property located at 576 S 5th St in San Jose, CA was sold on 01/27/2022. The property spans 24,728 square feet and was sold for a total price of $10,050,000, resulting in a price per square foot of $406.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $10,050,000
- Address: 576 S 5th St, San Jose, CA
- Market: San Jose, CA
The buyer of the property was Steven Michael Vega and the seller was Betty A Stromfeld.
The multifamily sale at 576 South 5th Street, San Jose, California 95112, United States in San Jose, California sold for $10.1M in 2022. The building is 24,728 square feet, implying about 406 per square foot on the published price. This page is the San Jose, California file for the 576 South 5th Street, San Jose, California 95112, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same San Jose sit in the Market section below. Filter that San Jose multifamily set by closing date to see what else sold near 576 South 5th Street, San Jose, California 95112, United States around 2022. Published consideration for 576 South 5th Street, San Jose, California 95112, United States is $10.1M, dated 2022. Cite this Steven Michael Vega Acquires Multifamily Property In San Jose For $10.05M sale when underwriting similar multifamily product around San Jose, California.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.58%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93