The Zamani Family Trust Acquires 4-Unit Multifamily In South Pasadena For $1.45M
SOLD
$1,450,000
California
See Similar DealsMultiFamily3,130 SF
Sold 01/23/2024
SOLD
The Zamani Family Trust Acquires 4-Unit Multifamily In South Pasadena For $1.45M
194 Monterey Road
See Similar DealsMultiFamily3,130 SF
Sold 01/23/2024
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$463
Total Square Footage:3,130 SF
Transaction Type:Sale
The multifamily property located at 194 Monterey Road in South Pasadena has been sold. The property consists of 4 units with a total square footage of 3,130. The sale price for this transaction was $1,450,000, resulting in a per unit price of $362,500. The price per square foot is calculated to be $463.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,450,000
- Units: 4
- Price per Unit: $362,500
- Square Footage: 3,130
- Price per Square Foot: $463
The buyer in this transaction is The Zamani Family Trust represented by Dean Zamani. On the other hand, the seller is The Peter J. Tripodes Trust represented by Zacharias Tripodes. The seller's representatives in this deal are Andrew Leff and Mark Cianciulli from The CREM Group.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$77,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,151.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,873.74
Annual Debt Service$82,484.88
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