Updated Aug 4, 2026
Anthony Kobon Purchases Multifamily Property From Mina Ibra For $1.21M In Lodi
20 South Corabelle Avenue
$1,210,000
$448/SF
Building Size
2,700 SF
Asset Type
MultiFamily
Closing
Jun 17, 2026
About this deal
AI
The multifamily property located at 20 South Corabelle Avenue in Lodi, California, has been listed for sale at a price of $1,210,000. The asset comprises three units and has a total square footage of 2,700, which translates to a price per unit of $403,333 and a price per square foot of $448.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,210,000
- Units: 3
- Square Feet: 2,700
- Price Per Unit: $403,333
- Price Per Square Foot: $448
- Buyer: Anthony Kobon
- Seller: Mina Ibra
- Broker: Victor Vargas - Berkshire Hathaway HomeServices
This transaction was noteworthy for establishing a new record for the highest residential sale in Lodi history, reflecting continued demand for premier properties in the region.
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Lodi 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
13.11%
Cash-on-Cash
-3.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93