Updated Dec 20, 2023
Taksa Investment Group Sells Multifamily Property On N. Euclid Avenue In Pasadena
259 North Euclid Avenue, Pasadena, CA, USA
$4,800,000
$375/SF
Building Size
12,780 SF
Asset Type
MultiFamily
Closing
Dec 21, 2020
About this deal
AI
A multifamily property located at 259 N. Euclid Avenue in Pasadena has recently been sold for $4,800,000. The transaction took place on December 22, 2020. The property consists of 22 units with an average price per unit of $218,182. The total square footage of the property is 12,780, resulting in a price per square foot of $376.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $4,800,000
- Address: 259 N. Euclid Avenue
- Market: Pasadena
- Units: 22
- Price per Unit: $218,182
- Square Footage: 12,780
- Price per Square Foot: $376
The sale of this multifamily property was facilitated by Jonathan Taksa and Robert Renshaw of Taksa Investment Group. They represented the buyer and seller in this transaction.
Players
Pasadena 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
3.30%
Cash-on-Cash
-0.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93