913 Boston Ct In Pasadena Sells As Development Site For $1.6M With Brokers Filip Niculete, Glen Scher, Lonnie McDermott
913 Boston Ct, Pasadena, CA, USA
$1,600,000
$245/SF
Building Size
6,523 SF
Asset Type
Development Site
Closing
Sep 5, 2019
AI
Located at 913 Boston Ct in Pasadena, this development site was recently sold for $1,600,000. The property, with a building square footage (BSF) of 6,523, offers a price per building square footage (PPBSF) of $245.29. The transaction took place on 09/06/2019, and the deal was facilitated by Filip Niculete, Glen Scher, and Lonnie McDermott of LA Apartment Advisors.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $1,600,000
- BSF: 6,523
- PPBSF: $245.29
- Date: 09/06/2019
- Address: 913 Boston Ct
- Market: Pasadena
Filip Niculete, Glen Scher, and Lonnie McDermott, of LA Apartment Advisors, spearheaded the successful sale of this development site in Pasadena. Their expertise and negotiation skills played a crucial role in finalizing the deal and achieving the sale price of $1,600,000.
Players
Pasadena Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93