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.
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