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940 N Summit Ave, Pasadena,...

Filip Niculete, Glen Scher, Ed Chao & Todd Mcintosh @LAAATeam Facilitate $1.2M Multifamily Sale On Summit Ave, Pasadena
SOLDMultiFamily

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

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

Filip Niculete

Marcus & Millichap

Broker

$792.7M

vol

200 deals

Broker

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