Optimus Properties Acquires Multifamily Property In Pasadena For $9.45M

An apartment building located at 400 North Los Robles Avenue in Pasadena has been sold along with an adjacent land parcel. The sale took place on April 14, 2020, and the buyer was Optimus Properties. The seller, Sean Cochran, successfully closed the transaction with the assistance of brokers Sean Rosenzweig and Barry Gordon. The property is a multifamily asset comprising 38 units and spanning a total area of 34,028 square feet. The sale price was recorded at $9,450,000, translating to a price per square foot of $277.71. The price per unit amounts to $248,684.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $9,450,000
• Square Footage: 34,028
• Address: 400 North Los Robles Avenue, Pasadena
• Market: Pasadena
• Buyer: Optimus Properties
• Seller: Sean Cochran
• Brokers: Sean Rosenzweig & Barry Gordon

It's worth noting that the apartment building and the adjacent land parcel were both included in the transaction.