Updated Oct 29, 2024
Galloway Trust Acquires Multifamily Property In Pasadena For $2.45M
696 Mira Monte Place, Pasadena, CA 91101, USA
$2,450,000
$532/SF
Building Size
4,601 SF
Asset Type
MultiFamily
Closing
Jan 14, 2020
About this deal
AI
A multifamily property located at 696 Mira Monte Pl in Pasadena has been sold for a price of $2,450,000. The property spans 4,601 square feet, resulting in a price per square foot of $532.49. The asset consists of 8 units, with a price per unit of $306,250. The transaction took place on January 15, 2020.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,450,000
- Address: 696 Mira Monte Pl, Pasadena
- Market: Pasadena
- Square Footage: 4,601
- Price per Square Foot: $532.49
- Units: 8
- Price per Unit: $306,250
The buyer of the property is the Galloway Trust, while the seller is Martin Vego. The transaction was facilitated by Andy Kawatra of the listing agency.
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
6.47%
Cash-on-Cash
-1.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93