Jason Lim Acquires Multifamily Property In Pasadena For $4.2M
380 South Sierra Madre Boulevard
$4,200,000
$642/SF
Building Size
6,534 SF
Asset Type
MultiFamily
Closing
Apr 11, 2024
AI
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.
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
3.78%
Cash-on-Cash
-1.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93