Updated Oct 16, 2026
1540 Laurel LLC Acquires MultiFamily Asset In South Pasadena For $5,575,000
1540 Laurel St
$5,575,000
$337/SF
Building Size
16,534 SF
Asset Type
MultiFamily
Closing
Apr 5, 2024
About this deal
AI
The asset involved in this transaction is a multifamily property located at 1540 Laurel St in South Pasadena, CA. The property encompasses a total square footage of 16,534 and was sold for a transaction amount of $5,575,000.00.
Summary of transation details:
- Property Type: MultiFamily
- Transaction Amount: $5,575,000.00
- Address: 1540 Laurel St
- Market: South Pasadena, CA
- Square Footage: 16,534
- Buyer: 1540 LAUREL LLC
- Brokers: Troy Lucero - Transwestern & Josh Kaplan - Transwestern
The deal was facilitated with the representation of Troy Lucero and Josh Kaplan, both from Transwestern, who played significant roles in the property transaction process for the buyer, 1540 LAUREL LLC.
On the Map
$5,575,000
$337/SF
MultiFamily
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Players
South Pasadena MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.85%
Cash-on-Cash
-0.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93