David Low Acquires 5-Unit Multifamily In Pasadena For $2.4M
SOLD
$2,400,000
California
See Similar DealsMultiFamily3,248 SF
Sold 04/10/2024
SOLD
David Low Acquires 5-Unit Multifamily In Pasadena For $2.4M
159 N Sierra Bonita
See Similar DealsMultiFamily3,248 SF
Sold 04/10/2024
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$738
Total Square Footage:3,248 SF
Transaction Type:Sale
The multifamily property located at 159 N Sierra Bonita in Pasadena, CA, was sold for $2,400,000. This property consists of 5 units with a total area of 3,248 square feet. The price per unit was $480,000, while the price per square foot stood at $739.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,400,000
- Units: 5
- Price Per Unit: $480,000
- Square Footage: 3,248
- Price Per Square Foot: $739
- Address: 159 N Sierra Bonita
- Market: Pasadena, CA
The sale of this multifamily property was facilitated by Han Widjaja Chen from Growth Investment Group. David Low acquired the property from Victor Chan in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$127,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,526.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,377.22
Annual Debt Service$136,526.69
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