Tracy Kao Acquires Multifamily Property From Edward Quezada In Alhambra For $825,000

The property asset involved in the transaction is a multifamily unit located at 1616 Cherry Lane, Alhambra. The sale was completed for a total price of $825,000, featuring 3 units with a total square footage of 1,536. The price per unit is $275,000, and the price per square foot stands at $537.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $825,000
• Units: 3
• Square Footage: 1,536
• Price Per Unit: $275,000
• Price Per Square Foot: $537
• Buyer: Tracy Kao
• Seller: Edward Quezada
• Broker: Eric Chen - CBRE

The key individuals involved in this transaction include Tracy Kao, the buyer, and Edward Quezada, the seller. Eric Chen represented the seller as the broker through his association with CBRE, facilitating the details of this multifamily property sale.