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Multifamily Property In Pasadena Sold For $4.6M, Represented By Filip Niculete And Glen Scher

Property Image
SOLD
$4,575,000
Floyd Shaheen
Filip Niculete
+ 1

California

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MultiFamily7,830 SF
Sold 12/20/2019
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Property Image
SOLD

Multifamily Property In Pasadena Sold For $4.6M, Represented By Filip Niculete And Glen Scher

130 South Euclid Avenue, Pasadena, CA 91101, USA

See Similar Deals
MultiFamily7,830 SF
Sold 12/20/2019
Floyd Shaheen
Filip Niculete
+ 1
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$584
Total Square Footage:7,830 SF
Transaction Type:Sale

A multifamily property located at 130 S Euclid Ave in Pasadena has been sold for a price of $4,575,000. This property consists of 8 units and spans a total area of 7,830 square feet. The price per square foot comes out to be $584.29, making it an attractive investment opportunity. The transaction took place on 12/20/2019, indicating a recent sale in the Pasadena market.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $4,575,000
  • Address: 130 S Euclid Ave
  • Market: Pasadena
  • Square Footage: 7,830
  • Price per Square Foot: $584.29
  • Units: 8
  • Price per Unit: $571,875

The sale was facilitated by the following brokers: Filip Niculete, Glen Scher, Floyd Shaheen, and Emily Shikhvarger. They represent LA Apartment Advisors and Floyd Group CRE, respectively.

Players

Emily Shikhvarger
10 deals$21.7M volume
BROKER

Filip Niculete
Marcus & Millichap
197 deals$786.7M volume
BROKER

Floyd Shaheen
Marcus & Millichap
29 deals$82M volume
BROKER

Glen Scher
Marcus & Millichap
191 deals$739.7M volume
BROKER

Details

SOLD
IMAGE: Filip Niculete, Glen Scher, Floyd Shaheen & Emily Shikhvarger DATE: 12/20/2019 ADDRESS: 130 S Euclid Ave MARKET: Pasadena ASSET TYPE: Multifamily PRICE: $4,575,000 SF: 7,830 PPSF: $584.29 UNITS: 8 PPU: $571,875‬ BROKERS: Filip Niculete, Glen Scher, Floyd Shaheen, Emily Shikhvarger @laapartmentadvisors @floydgroupcre

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$244,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$16,254.00
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,687.83
Annual Debt Service$260,254.01