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James Capital Advisors Brokers $3.75M Multifamily Sale In South Pasadena

Property Image
SOLD
$3,750,000
Michael (Mike) Hanassab
John Katnik
+ 1

California

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MultiFamily9,174 SF
Sold 12/04/2021
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Property Image
SOLD

James Capital Advisors Brokers $3.75M Multifamily Sale In South Pasadena

1900 Huntington Drive, South Pasadena, California 91030, United States

See Similar Deals
MultiFamily9,174 SF
Sold 12/04/2021
Michael (Mike) Hanassab
John Katnik
+ 1
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$408
Total Square Footage:9,174 SF
Transaction Type:Sale

Located at 1900 Huntington Dr. in South Pasadena, this property is a multifamily asset. The transaction took place on December 4, 2021, with a sale price of $3,750,000. The property consists of 10 units, with a price per unit of $375,000. The total square footage is 9,174, resulting in a price per square foot of $408.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,750,000
  • Units: 10
  • Price per Unit: $375,000
  • Square Footage: 9,174
  • Price per Square Foot: $408

The deal was facilitated by the brokers Jocelyn Garcia, John Katnik, Mike Hanassab, and Elliot Hassan from James Capital Advisors.

Players

John Katnik
22 deals$121.6M volume(424) 317-9569
BROKER

Michael (Mike) Hanassab
James Capital Advisors
16 deals$93.8M volume
BROKER

Elliot Hassan
NorthMarq
26 deals$259.8M volume
BROKER

Jocelyn Garcia
James Capital Advisors
1 deal$3.8M volume
BROKER

Details

SOLD
IMAGE: Elliot Hassan, Jocelyn Garcia, John Katnik & Mike Hanassab DATE: 12/04/2021 ADDRESS: 1900 Huntington Dr. MARKET: South Pasadena ASSET TYPE: Multifamily BROKERS: Jocelyn Garcia (@JoceHope) John Katnik (@JohnKatnik), Mike Hanassab (@MikeHanassab) & Elliot Hassan (@EHassan) - James Capital Advisors SALE PRICE: $3,750,000 UNITS: 10 ~ PPU: $375,000 SF: 9,174 ~ PPSF: $408

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$199,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$13,322.96
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,776.91
Annual Debt Service$213,322.96