Connie Chang Acquires 777 Los Robles Avenue Multifamily In Pasadena For $2.5M
SOLD
$2,500,000
California
See Similar DealsMultiFamily6,664 SF
Sold 06/28/2024
SOLD
Connie Chang Acquires 777 Los Robles Avenue Multifamily In Pasadena For $2.5M
777 Los Robles Avenue
See Similar DealsMultiFamily6,664 SF
Sold 06/28/2024
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$375
Total Square Footage:6,664 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$133,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,881.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,851.28
Annual Debt Service$142,215.31
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