Jason Lim Acquires Multifamily Property In Pasadena For $4.2M
SOLD
$4,200,000
California
See Similar DealsMultiFamily6,534 SF
Sold 04/11/2024
SOLD
Jason Lim Acquires Multifamily Property In Pasadena For $4.2M
380 South Sierra Madre Boulevard
See Similar DealsMultiFamily6,534 SF
Sold 04/11/2024
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$642
Total Square Footage:6,534 SF
Transaction Type:Sale
The multifamily property located at 380 S Sierra Madre Blvd in Pasadena, CA, was recently sold for $4,200,000. This property consists of 13 units with a price per unit of $323,077. The total square footage of the property is 6,534, resulting in a price per square foot of $643.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $4,200,000
- Units: 13
- Price Per Unit: $323,077
- Square Footage: 6,534
- Price Per Square Foot: $643
- Address: 380 S Sierra Madre Blvd, Pasadena, CA
- Market: Pasadena, CA
- Buyer: Jason Lim
- Seller: Victor Chen
- Broker: Han Widjaja Chen - Growth Investment Group
The deal's key individuals involved in this transaction were the buyer, Jason Lim, and the seller, Victor Chen. The broker representing this deal was Han Widjaja Chen from Growth Investment Group.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$223,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,921.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,910.14
Annual Debt Service$238,921.71
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