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642 North Orange Grove Boul...

Updated Dec 4, 2024

Massoud Abib Acquires Multifamily Property In Pasadena For $3.4M With Broker Rep Han Widjaja Chen - Growth Investment Group
SOLDMultiFamily

Massoud Abib Acquires Multifamily Property In Pasadena For $3.4M With Broker Rep Han Widjaja Chen - Growth Investment Group

642 North Orange Grove Boulevard

$3,400,000

$629/SF

Building Size

5,400 SF

Asset Type

MultiFamily

Closing

Nov 1, 2023

About this deal

AI

The multifamily property located at 642 North Orange Grove Avenue in Pasadena has been sold for $3,400,000. The property consists of 10 units with an average price per unit of $340,000. The total square footage of the property is 5,400, resulting in a price per square foot of $630.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $3,400,000
  • Address: 642 North Orange Grove Avenue
  • Market: Pasadena
  • Buyer: Massoud Abib
  • Seller: Danielle Lee Trust - Wenan Lee
  • Brokers: Han Widjaja Chen - Growth Investment Group
  • Units: 10
  • Price per Unit: $340,000
  • Square Footage: 5,400
  • Price per Square Foot: $630

The buyer of the property is Massoud Abib, and the seller is the Danielle Lee Trust represented by Wenan Lee. The brokers involved in the transaction are Han Widjaja Chen from Growth Investment Group.

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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Deal FAQ

About $629 per square foot on a published $3.4M for 5,400 square feet (2023).

Visit Han Widjaja Chen to view all their deals.

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.67%

Cash-on-Cash

-1.33%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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