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759 North Raymond Avenue, P...

$1.05M Multifamily In Pasadena Sold By Edward Chao, Rick Ramirez, Glen Scher, & Filip Niculete, LA Apartment Advisors
SOLDMultiFamily

$1.05M Multifamily In Pasadena Sold By Edward Chao, Rick Ramirez, Glen Scher, & Filip Niculete, LA Apartment Advisors

759 North Raymond Avenue, Pasadena, CA 91103, USA

$1,050,000

$351/SF

Building Size

2,991 SF

Asset Type

MultiFamily

Closing

Aug 20, 2019

AI

759 N Raymond Ave in Pasadena has been sold for $1,050,000. This multifamily property offers 2,991 square feet of space at a price per square foot of $351.05.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,050,000
  • Address: 759 N Raymond Ave, Pasadena
  • Market: Pasadena
  • SF: 2,991
  • PPSF: $351.05

The deal was facilitated by Edward Chao, Rick Ramirez, Glen Scher, and Filip Niculete.

Players

Filip Niculete

Marcus & Millichap

Broker

$792.7M

vol

200 deals

Broker

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

15.11%

Cash-on-Cash

-4.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93