Mandy Wong Acquires 7-Unit Multifamily In Pasadena For $1.9M
SOLD
$1,905,000
California
See Similar DealsMultiFamily5,001 SF
Sold 04/12/2024
SOLD
Mandy Wong Acquires 7-Unit Multifamily In Pasadena For $1.9M
425 North Raymond Avenue
See Similar DealsMultiFamily5,001 SF
Sold 04/12/2024
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$380
Total Square Footage:5,001 SF
Transaction Type:Sale
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
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$101,599.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,768.07
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,030.67
Annual Debt Service$108,368.06
Is there something missing? Send suggestions
