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380 South Sierra Madre Boul...

Jason Lim Acquires Multifamily Property In Pasadena For $4.2M
SOLDMultiFamily

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.

Players

Han Widjaja Chen

Growth Investment Group

Broker

$99.3M

vol

21 deals

Broker

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