Updated Dec 21, 2023
Konan K Le Acquires Multifamily Property In San Jose, CA For $4.6M
581 Avalani Avenue, San Jose, California 95133, United States
$4,600,000
$428/SF
Building Size
10,732 SF
Asset Type
MultiFamily
Closing
Apr 21, 2022
About this deal
AI
The multifamily property located at 587 Avalani Ave & 581 Avalani Ave in San Jose, CA has been sold. The transaction took place on 04/22/2022. The property spans across 10,732 square feet and was sold for a price of $4,600,000, resulting in a price per square foot of $428.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,600,000
- Address: 587 Avalani Ave & 581 Avalani Ave, San Jose, CA
- Market: San Jose, CA
- Square Footage: 10,732
- Price per Square Foot: $428
The buyer of the property is Konan K Le, while the sellers are Jessie H Jin and Benjamin Jin.
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
3.45%
Cash-on-Cash
-0.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93