Tracy Kao Acquires Multifamily Property From Edward Quezada In Alhambra For $825,000
SOLD
$825,000
California
See Similar DealsMultiFamily1,536 SF
Sold 11/21/2025
SOLD
Tracy Kao Acquires Multifamily Property From Edward Quezada In Alhambra For $825,000
1616 Cherry Lane
See Similar DealsMultiFamily1,536 SF
Sold 11/21/2025
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$537
Total Square Footage:1,536 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$43,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$2,931.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$3,910.92
Annual Debt Service$46,931.05
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