Eduardo Torres & Mirna Torres Acquire Multifamily Property In South Pasadena For $2.4M
326 Pasadena Avenue, South Pasadena, California 91030, United States
$2,400,000
$462/SF
Building Size
5,195 SF
Asset Type
MultiFamily
Closing
May 16, 2022
AI
A multifamily property located at 326 Pasadena Ave. in South Pasadena has been sold for $2,400,000. The property consists of 6 units, with a price per unit of $400,000. The total square footage of the property is 5,195, resulting in a price per square foot of $461.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,400,000
- Units: 6
- Price Per Unit: $400,000
- Square Footage: 5,195
- Price Per Square Foot: $461
Eduardo Torres and Mirna Torres are the buyers of the property, while Anita Chao is the seller. The sale was facilitated by Jake Glaser, Daniel Withers, and John Boyett from Matthews Real Estate Investment Services, along with Jean Liu from Golden Orange Realty.
Players
South 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
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93