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326 Pasadena Avenue, South ...

Eduardo Torres & Mirna Torres Acquire Multifamily Property In South Pasadena For $2.4M
SOLDMultiFamily

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

Daniel Withers

Matthews

Broker

$198.2M

vol

32 deals

Broker

Eduardo Torres

Buyer

$4.5M

vol

2 deals

Buyer

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