SOLDMultiFamily
Jason Mak Acquires Multifamily Property In Pasadena For $7.95M
175 South Madison Avenue, Los Angeles, CA 90004, USA
$7,950,000
$437/SF
Building Size
18,162 SF
Asset Type
MultiFamily
Closing
Aug 25, 2021
AI
175 S. Madison Avenue, located in Pasadena, was recently sold in a multifamily transaction. The property consists of 22 units spread across a total of 18,162 square feet.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $7,950,000
- Buyer: Jason Mak
- Seller: Mark Hilbert
- Brokers: Eric Chen & Joyce Goldstein
- Price per Unit: $361,363
- Price per Square Foot: $437
The buyer, Jason Mak, acquired the property from Mark Hilbert. The transaction was facilitated by brokers Eric Chen and Joyce Goldstein.
Players
Los Angeles 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
2.00%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93