Updated Sep 9, 2024
Rao Yalamanchili Acquires Multifamily Property In Azusa For $2.45M
905 North Pasadena Avenue
$2,450,000
$291/SF
Building Size
8,400 SF
Asset Type
MultiFamily
Closing
May 4, 2023
About this deal
AI
The multifamily property located at 905 North Pasadena Avenue in Azusa has been sold. The transaction took place on 05/04/2023 and was facilitated by CBRE brokers Eric Chen and Blake Torgerson.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,450,000
- Units: 8
- Price Per Unit: $306,250
- Square Footage: 8,400
- Price Per Square Foot: $292
- Market: Azusa
Rao Yalamanchili is the buyer of the property, while Shirley Contreras is the seller. The deal was successfully negotiated by Eric Chen and Blake Torgerson, who represent CBRE.
On the Map
$2,450,000
$291/SF
MultiFamily
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Market 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