Annie Chen Acquires Multifamily Property On S Madison Ave, Pasadena For $2.5M
SOLD
$2,500,000
California
See Similar DealsMultiFamily3,833 SF
Sold 04/12/2024
SOLD
Annie Chen Acquires Multifamily Property On S Madison Ave, Pasadena For $2.5M
442 South Madison Avenue
See Similar DealsMultiFamily3,833 SF
Sold 04/12/2024
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$652
Total Square Footage:3,833 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$133,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,881.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,851.28
Annual Debt Service$142,215.31
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