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425 North Raymond Avenue

Mandy Wong Acquires 7-Unit Multifamily In Pasadena For $1.9M
SOLDMultiFamily

Mandy Wong Acquires 7-Unit Multifamily In Pasadena For $1.9M

425 North Raymond Avenue

$1,905,000

$380/SF

Building Size

5,001 SF

Asset Type

MultiFamily

Closing

Apr 12, 2024

AI

The multifamily property located at 425 N Raymond Ave in Pasadena, CA was sold for $1,905,000. The property consists of 7 units with a price per unit of $272,143. The total square footage of the property is 5,001, resulting in a price per square foot of $381.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,905,000
  • Units: 7
  • Price Per Unit: $272,143
  • Square Footage: 5,001
  • Price Per Square Foot: $381
  • Address: 425 N Raymond Ave
  • Market: Pasadena, CA

The sale was facilitated by Han Widjaja Chen from Growth Investment Group. Mandy Wong acted as the buyer, while Ann Fitzsimons was the seller involved in this transaction.

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

8.33%

Cash-on-Cash

-2.38%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93