Updated Dec 20, 2023
LAAATeam Acquires Multi Family Property In Pasadena For $1.43M
934 N Lake Ave, Pasadena, CA, USA
$1,433,000
$387/SF
Building Size
3,696 SF
Asset Type
MultiFamily
Closing
Feb 3, 2021
About this deal
AI
934 N. Lake Ave. in Pasadena has recently been sold for $1,433,000. This Multi Family property spans over 3,696 square feet, resulting in a price per square foot of $387. The transaction took place on February 4, 2021, and was facilitated by brokers Filip Niculete, Glen Scher, and Michael McNulty from the LAAATeam.
Summary of transaction details
- Property Type: Multi Family
- Transaction Amount: $1,433,000
- Address: 934 N. Lake Ave., Pasadena
- Market: Pasadena
- Broker Representatives: Filip Niculete, Glen Scher, and Michael McNulty from the LAAATeam
Glen Scher, Michael McNulty, and Filip Niculete played vital roles in the successful completion of this sale. Their expertise and representation ensured a smooth transaction for all parties involved.
Players
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
11.07%
Cash-on-Cash
-3.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93