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442 South Madison Avenue

Annie Chen Acquires Multifamily Property On S Madison Ave, Pasadena For $2.5M
SOLDMultiFamily

Annie Chen Acquires Multifamily Property On S Madison Ave, Pasadena For $2.5M

442 South Madison Avenue

$2,500,000

$652/SF

Building Size

3,833 SF

Asset Type

MultiFamily

Closing

Apr 12, 2024

AI

The multifamily property located at 442 S Madison Ave in Pasadena, CA, was sold for $2,500,000. The property consists of 7 units with a price per unit of $357,143. The total square footage of the property is 3,833, translating to a price per square foot of $652.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,500,000
  • Units: 7
  • Price Per Unit: $357,143
  • Square Footage: 3,833
  • Price Per Square Foot: $652
  • Address: 442 S Madison Ave
  • Market: Pasadena, CA

Annie Chen acquired the property from Robert Lee. The transaction was facilitated by Han Widjaja Chen from Growth Investment Group, serving as the broker in the deal.

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

6.35%

Cash-on-Cash

-1.81%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93