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Jason Lim Acquires Multifamily Property In Pasadena For $4.2M

Property Image
SOLD
$4,200,000

California

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MultiFamily6,534 SF
Sold 04/11/2024
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Property Image
SOLD

Jason Lim Acquires Multifamily Property In Pasadena For $4.2M

380 South Sierra Madre Boulevard

See Similar Deals
MultiFamily6,534 SF
Sold 04/11/2024
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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.

Players

Han Widjaja Chen
21 deals$99.3M volume(626) 594-4900
BROKER

Details

SOLD
IMAGE: Han Widjaja Chen DATE: 04/11/2024 ADDRESS: 380 S Sierra Madre Blvd MARKET: Pasadena, CA ASSET TYPE: Multifamily BUYER: Jason Lim SELLER: Victor Chen BROKERS: Han Widjaja Chen (@HanWidjajaChen) (@HanWidjajaChenccim) - Growth Investment Group SALE PRICE: $4,200,000 UNITS: 13 ~ PPU: $323,077 SF: 6,534 ~ PPSF: $643

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Deal Type
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