Updated Dec 4, 2024
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
About this deal
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.
On the Map
$2,500,000
$652/SF
MultiFamily
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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