Handoko Chen Purchases Multifamily Asset From Schroeder Family For $4,450,000 In South Pasadena

The property asset involved in this transaction is a multifamily dwelling located at 1513 Huntington Drive in the South Pasadena market. This asset consists of 14 units, encompassing a total square footage of 10,463, with a price per unit calculated at $317,857 and a price per square foot at $425. The sale price reached $4,450,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,450,000
• Units: 14
• Square Footage: 10,463
• Price Per Unit: $317,857
• Price Per Square Foot: $425
• Buyer: Handoko Chen
• Seller: Schroeder Family
• Broker: Han Widjaja Chen - Growth Investment Group

This transaction features key individuals such as the buyer, Handoko Chen, and the seller, Schroeder Family, who played crucial roles in the completion of the deal. The broker representing this transaction is Han Widjaja Chen, affiliated with Growth Investment Group, facilitating the negotiation and transfer between the buyer and seller.