2823 E M L King Jr Blvd, Austin, TX 78702 – Apartment High Rise (5+ stories)

ApartmentsYear Built 2016Total Assessed Value $87,490,000County Travis

Property Details

The Apartments property 2823 E M L King Jr Blvd, Austin, TX 78702 is located in Travis County. The specific property type is Apartment High Rise (5+ stories). The total assessed value of this property is $87,490,000.

The gross building area is 302,967 square feet and the land area is 361,788 square feet for this Apartment High Rise (5+ stories) built in 2016.

Legal description: Chestnut Station West Lot 1 & Lot 2 Blk C Chestnut Station&Chestnit Station Sec 2Rsb

$87,490,000

Market Value

8.00%

Cap Rate

N/A

NOI

N/A

Occupancy

$1,756

Avg Rent

Property Image of 2823 E M L King Jr Blvd, Austin, TX 78702, Apartments

1 / 3

Property Information

Property TypeApartments

Sub Property TypeApartment High Rise (5+ stories)

Building Area302,967

Land Size361,788

Land Value$25,325,131

Improved Value$62,164,869

Total Assessed Value$87,490,000

Year Built2016

County NameTravis

Account Number852940

Cap Rate8.00%

Very Walkable

Good Transit

Bikeable

Amenities

Parking Space240

HeatingNone

Roof CoverComposition shingle

Roof TypeHip

Type ConstructionOther

No of Stories4

Garage TypeDetached Garages,Parking Garage

Bedrooms21

Bathrooms24

PatioAvailable

Business Center1

Self Clean Ovens1

Refrigerator1

Number of Units557

Elevator

Sales History

1/1/2018

Other$82,800,000

Buyer

Seller

Book Number

Recording Date

1/1/2018

Transaction Details

acquired the property from through a Other transaction on 1/1/2018 for $82,800,000.

6/20/2008

Arms-length$11,637,500

Buyer

Freehaven Development Inc

Seller

Ovando Holdings East Austin Lp

Book Number

2008.108009

Recording Date

6/20/2008

Transaction Details

Freehaven Development Inc acquired the property from Ovando Holdings East Austin Lp through a Arms-length transaction on 6/20/2008 for $11,637,500.

6/20/2008

Arms-length$3,990,000

Buyer

Freehaven Development Inc

Seller

Ovando Holdings East Austin Lp

Book Number

2008.108011

Recording Date

6/20/2008

Transaction Details

Freehaven Development Inc acquired the property from Ovando Holdings East Austin Lp through a Arms-length transaction on 6/20/2008 for $3,990,000.

Property constructed in 2016

YSale Price (USD) byXSales Year

Loading Sale History...

Mortgage History

6/28/2024

Arms length residential transactions purchase or resales$29,128,000

Borrower

Gugv Eastside Austin Property

Lender

Jll Real Estate Capital Llc

Book Number

2024.72001

Recording Date

6/28/2024

Transaction Details

Gugv Eastside Austin Property borrowed the property from Jll Real Estate Capital Llc through a Arms length residential transactions purchase or resales transaction on 6/28/2024 for $29,128,000.

5/18/2018

Helocs both purchase money and non purchase money helocs$42,985,720

Borrower

Gugv Eastside Austin Property Owningn Ll

Lender

Wells Fargo Bank

Book Number

2018.77121

Recording Date

5/18/2018

Transaction Details

Gugv Eastside Austin Property Owningn Ll borrowed the property from Wells Fargo Bank through a Helocs both purchase money and non purchase money helocs transaction on 5/18/2018 for $42,985,720.

Property constructed in 2016

Loading Mortgage History...

Assessment History

Assessment Year ↓	Assessed Land Value ↕	Assessed Improved Value ↕	Assessed Total Value ↕	Market Value ↕	Owner Name ↕	Owner Address ↕	Legal Description ↕	Neighborhood Code ↕	Sub Division ↕	Land Size (SF) ↕	GBA (SF) ↕
2026	$25,325,131	$48,536,207	$73,861,338	$73,861,338	Gugv Eastside Austin...	730 Town Country St...	Chestnut Station Wes...	EC	S18870	361,788	302,967
2025	$25,325,131	$62,164,869	$87,490,000	$87,490,000	Gugv Eastside Austin...	730 Town Country St...	Chestnut Station Wes...	EC	S18870	361,788	302,967
2024	$25,325,131	$72,084,869	$97,410,000	$97,410,000	Gugv Eastside Austin...	730 Town Country Ste...	Chestnut Station Wes...	EC	S18870	361,788	302,967
2023	$28,943,006	$74,056,994	$103,000,000	$103,000,000	Gugv Eastside Austin...	Bldg 3 Ste 300 6300 ...	Chestnut Station Wes...	EC	S18870	361,788	302,967
2022	$10,848,320	$93,431,680	$104,280,000	$104,280,000	Gugv Eastside Austin...	Bldg 3 Ste 300 6300 ...	Lot 1 Chestnut Stati...	EC	S18870	309,951	302,967
2021	$10,848,320	$78,651,680	$89,500,000	$89,500,000	Gugv Eastside Austin...	Bldg 3 Ste 300 6300 ...	Lot 1 Chestnut Stati...	08EC	S18870	309,951	302,967
2020	$10,848,320	$83,901,680	$94,750,000	$94,750,000	Gugv Eastside Austin...	6300 Bridgepoint Pkw...	Lot 1 Chestnut Stati...	08EC	S18870	309,951	302,967
2019	$19,222,380	$64,577,620	$83,800,000	$83,800,000	Gugv Eastside Austin...	6300 Bridgepoint Pkw...	Lot 1 Chestnut Stati...	08EC	S18870	309,951	302,967
2018	$9,298,560	$68,701,440	$78,000,000	$78,000,000	Gugv Eastside Austin...	6300 Bridgepoint Pkw...	Lot 1 Chestnut Stati...	08EC	S18870	309,951	303,285
2017	$9,298,560	$45,146,348	$54,444,908	$54,444,908	Gugv Eastside Austin...	6300 Bridgepoint Pkw...	Lot 1 Chestnut Stati...	08EC	S18870	309,951	302,380

Showentries

Showing 1 to 10 of 12 entries

Loading Assessment History...

Rent & Occupancy

Loading Rent & Occupancy...

Comparables

Address ↕	Assessors Parcel Number ↕	Property Type ↕	Property Sub Type ↕	Owner Name ↕	County ↕	Miles ↕	Sale Price ↕	Sale Date ↕	Price / SF ↕	Year Built ↕	GBA ↕	Units ↕
2823 E M L King Jr Blvd, Austin, TX 78702	852940	Apartments	Apartment High Rise (5+ stories)	Gugv Eastside Austin Property Owning Llc	Travis	-	$ 82,800,000	2018-01-01	$ 273.30	2016	302,967	557
7200 Easy Wind Dr, Austin, TX 78752	760837	Apartments	Apartment High Rise (5+ stories)	Housing Authority Of The	Travis	4.3	$ 135,907,380	2025-02-12	$ 718.09	2013	189,263	562
810 W St Johns Ave, Austin, TX 78752	760829	Apartments	Apartment High Rise (5+ stories)	Housing Authority Of The	Travis	4.1	$ 135,907,380	2025-02-12	$ 571.99	2008	237,603	562
5629 N Lamar Blvd, Austin, TX 78751	228900	Apartments	Apartment High Rise (5+ stories)	Bg 20 North Lamar Property Owner Llc	Travis	3.2	$ 68,960,500	2025-06-04	$ 292.86	2021	235,476	279
5800 Techni Center Dr, Austin, TX 78721	783949	Apartments	Apartment High Rise (5+ stories)	Post Fort Branch Lp	Travis	2.5	$ 34,384,490	2024-06-27	$ 143.05	2001	240,364	2
4501 E Riverside Dr, Austin, TX 78741	445755	Apartments	Apartment High Rise (5+ stories)	Post Riverside Country Club Lp	Travis	3.5	$ 40,299,000	2024-06-28	$ 165.30	1997	243,796	252
8640 8700 Shoal Creek Blvd, Austin, TX 78757	251469	Apartments	Apartment High Rise (5+ stories)	Oht Shoal Creek Lp	Travis	6.7	$ 4,522,000	2024-08-22	$ 15.75	2024	287,120	-
10011 Stonelake Blvd, Austin, TX 78759	773804	Apartments	Apartment High Rise (5+ stories)	Stonelake Tx Partners Llc	Travis	8.0	$ 59,186,330	2025-09-30	$ 221.83	2014	266,815	330
12000 Dessau Rd, Austin, TX 78754	502274	Apartments	Apartment High Rise (5+ stories)	Cws Canyon Llc & Beachwood Canyon	Travis	7.7	$ 34,670,440	2025-08-26	$ 148.29	2008	233,808	264
8110 Blue Goose Rd, Manor, TX 78653	956771	Apartments	Apartment High Rise (5+ stories)	Eightyone10 Blue Goose Lp	Travis	7.7	$ 42,014,700	2024-08-23	$ 148.86	2022	282,251	300
12100 Metric Blvd, Austin, TX 78758	262633	Apartments	Apartment High Rise (5+ stories)	Austin Housing Finance Corporation	Travis	8.6	$ 66,566,500	2024-11-25	$ 194.76	1997	341,789	384

Loading Comparables...

Nearby Lenders

Showentries

Search:

Lender Name ↕	Property Address ↕	Loan Date ↕	Mortgage Amount ↕	Land Size (SF) ↕	Year Built ↕	GBA (SF) ↕	Total Assessed Value ↕	Land Assessed Value ↕	Borrower ↕
—	2823 E M L King Jr Blvd, Austin, TX 78702	—	-	361,788	2016	302,967	$ 87,490,000	$ 25,325,131	-
Readycap Commercial Llc	2515 Manor Rd, Austin, TX 78722	08/29/2025	$ 2,766,000	38,568	1985	26,109	$ 7,049,430	$ 3,085,285	F & B 2515 Manor Rd Llc
Readycap Commercial Llc	2408 Manor Rd, Austin, TX 78722	08/29/2025	$ 3,508,000	55,670	1985	31,674	$ 8,551,980	$ 4,453,520	F & B 2408 Manor Rd Llc
Loanpeople Llc	4205 Speedway, Austin, TX 78751	07/18/2025	$ 147,750	19,502	1975	12,296	$ 4,672,480	$ 1,170,000
Ares Cre Lender Ii Llc	812 W 23 St, Austin, TX 78705	06/11/2025	$ 95,000,000	58,501	2021	339,926	$ 181,436,409	$ 13,163,175	715 West 23rd Austin Llc
Gs Go Ii Reit Llc	1909 Rio Grande St, Austin, TX 78705	03/19/2025	$ 214,800,000	21,249	2017	165,708	$ 76,967,296	$ 4,780,928	2025 Student Ii Ll Llc
Loanpeople Llc	4205 Speedway, Austin, TX 78751	03/10/2025	$ 153,840	19,502	1975	12,296	$ 4,672,480	$ 1,170,000
Logan Finance Corporation	84 N Interstate Hy 35, Austin, TX 78701	02/12/2025	$ 615,000	17,651	2023	276,900	$ 109,508,744	$ 8,825,255
Readycap Coml Llc	2704 French Pl, Austin, TX 78722	11/27/2024	$ 2,005,000	15,202	1972	13,668	$ 3,690,360	$ 1,216,195	2704 French Place Llc
German American Cap Corp	1648 E 6 St, Austin, TX 78702	11/05/2024	$ 525,000,000	21,758	2018	56,952	$ 33,400,000	$ 3,264,000	Irp Indie Apartments Llc
German American Cap Corp	1614 E 6 St, Austin, TX 78702	11/05/2024	$ 525,000	31,999	2020	98,532	$ 40,100,000	$ 4,800,000	Irp Candela Apartments Llc

Mean$ 42,807,805

Median$ 2,385,500.0

Loan Amount Range$ 95,105 - $ 525,000,000

Showing 1 to 10 of 26 entries

Loading Lenders...

Tenant Details

Loading Tenant Details...

Loading Tenants...

License Details

This details prefers to stay low-key.

Loading License Details...