Eduardo Torres & Mirna Torres Acquire Multifamily Property In South Pasadena For $2.4M
SOLD
$2,400,000
+ 3
California
See Similar DealsMultiFamily5,195 SF
Sold 05/17/2022
SOLD
Eduardo Torres & Mirna Torres Acquire Multifamily Property In South Pasadena For $2.4M
326 Pasadena Avenue, South Pasadena, California 91030, United States
See Similar DealsMultiFamily5,195 SF
Sold 05/17/2022
+ 3
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$462
Total Square Footage:5,195 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$127,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,526.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,377.22
Annual Debt Service$136,526.69
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