Updated Dec 4, 2024
Lai Ma Yu Acquires Pasadena Multifamily For $3.85M
148 North Mar Vista Avenue
$3,850,000
$516/SF
Building Size
7,450 SF
Asset Type
MultiFamily
Closing
Oct 31, 2023
About this deal
AI
The multifamily property located at 148 North Mar Vista Avenue in Pasadena has been sold for $3,850,000. The property features 5 units, with each unit having a price per unit (PPU) of $770,000. The total square footage of the property is 7,450, with a price per square foot (PPSF) of $517.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,850,000
- Address: 148 North Mar Vista Avenue, Pasadena
- Units: 5
- Price per Unit (PPU): $770,000
- Total Square Footage (SF): 7,450
- Price per Square Foot (PPSF): $517
Lai Ma Yu has purchased the property from William Minh Duong & Xi Yang. The buyer was represented by broker Eric Chen from CBRE.
Players
Pasadena MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.12%
Cash-on-Cash
-1.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93