Updated Dec 21, 2023
Filip Niculete, Glen Scher, Ed Chao & Todd Mcintosh @LAAATeam Facilitate $1.2M Multifamily Sale On Summit Ave, Pasadena
940 N Summit Ave, Pasadena, CA 91103, USA
$1,225,000
$67/SF
Building Size
18,250 SF
Asset Type
MultiFamily
Closing
May 20, 2020
About this deal
AI
A multifamily property located at 940 N Summit Ave in Pasadena has recently been sold. The property consists of 3 units with a total square footage of 1,825. The transaction price for this property was $1,225,000, resulting in a price per square foot of $671.23. The average price per unit (PPU) for this property is $408,333.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,225,000
- Address: 940 N Summit Ave, Pasadena
- Market: Pasadena
- Square Footage: 1,825
- Price per Square Foot: $671.23
- Number of Units: 3
- Price per Unit: $408,333
The transaction was facilitated by the brokers Filip Niculete, Glen Scher, Ed Chao, and Todd Mcintosh from the LAAATeam.
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
12.95%
Cash-on-Cash
-3.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93