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905 North Pasadena Avenue

Rao Yalamanchili Acquires Multifamily Property In Azusa For $2.45M
SOLDMultiFamily

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

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.

Players

Blake Torgerson

CBRE

Broker

$286.1M

vol

48 deals

Broker

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