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.
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