Connie Chang Acquires 777 Los Robles Avenue Multifamily In Pasadena For $2.5M
777 Los Robles Avenue
$2,500,000
$375/SF
Building Size
6,664 SF
Asset Type
MultiFamily
Closing
Jun 28, 2024
AI
The multifamily property located at 777 Los Robles Avenue in Pasadena was recently sold for $2,500,000. The property consists of 11 units with a total square footage of 6,664, resulting in a price per unit of $227,273 and a price per square foot of $375.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,500,000
- Units: 11
- Price Per Unit: $227,273
- Total Square Footage: 6,664
- Price Per Square Foot: $375
- Address: 777 Los Robles Avenue
- Market: Pasadena
Connie Chang was the buyer of the property while Ron Tanzman was the seller. The seller's representative in this transaction was Han Widjaja Chen from Growth Investment Group.
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