Updated Oct 28, 2024
Pacific Urban Acquires 96-Unit Multifamily In East Bay For $38.5M
868 North Livermore Avenue, Livermore, California 94551, United States
$38,500,000
$451/SF
Building Size
85,330 SF
Asset Type
MultiFamily
Closing
Jun 9, 2022
About this deal
AI
Located at 868 N. Livermore Ave. in East Bay, this multifamily property was recently sold in a closed transaction. The property spans a total of 85,330 square feet and consists of 96 units. The sale price for the property was $38,500,000, resulting in a per unit price of approximately $401,041. The price per square foot was calculated to be around $451.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $38,500,000
- Address: 868 N. Livermore Ave., East Bay
- Market: East Bay
The buyer in this transaction was Pacific Urban, while Hoffman Development served as the seller. Representing the deal was David Cohen from The Cohen Company & Sync Brokerage Commercial.
On the Map
$38,500,000
$451/SF
MultiFamily
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Players
Livermore 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
0.41%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93