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Optimus Properties Acquires Multifamily Property In Pasadena For $9.45M

Property Image
SOLD
$9,450,000
Sean Rosenzweig
Barry Gordon

California

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MultiFamily34,028 SF
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SOLD

Optimus Properties Acquires Multifamily Property In Pasadena For $9.45M

400 North Los Robles Avenue, Pasadena, CA, USA

See Similar Deals
MultiFamily34,028 SF
Sold
Sean Rosenzweig
Barry Gordon
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$277
Total Square Footage:34028 SF
Transaction Type:Sale

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.

Players

Barry Gordon
Barry Gordon
1 deal$9.5M volume(204) 729-7163
BROKER
Sean Rosenzweig
Marcus & Millichap
Sean Rosenzweig
14 deals$99.4M volume
BROKER
Optimum Properties
Optimum Properties
BUYER

Details

SOLD
IMAGE: @Sean_Rosenzweig & Barry Gordon DATE: 04/14/2020 ADDRESS: 400 North Los Robles Avenue MARKET: Pasadena ASSET TYPE: Multifamily BUYER: Optimus Properties SELLER: Sean Cochran BROKERS: Sean Rosenzweig & Barry Gordon PRICE: $9,450,000 SF: 34,028 ~ PPSF: $277.71 UNITS: 38 PPU: $248,684 NOTES: Apartment building and Adjacent Land Parcel Sold Together.

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