Updated Sep 5, 2024
Matt Reeves & Melinda Wang Acquire SFR In Pasadena For $5.5M
Pasadena, CA, USA
$5,500,000
$917/SF
Building Size
5,997 SF
Asset Type
Single Family
Closing
Jul 13, 2021
About this deal
AI
A single-family residence (SFR) located in Pasadena has recently been sold for a transaction amount of $5,500,000. The property, a 5,997 square-foot home, was purchased by Matt Reeves and Melinda Wang. The sale took place on July 13, 2021, in the Pasadena market.
Summary of transaction details
- Property Type: Single-Family Residence (SFR)
- Transaction Amount: $5,500,000
- Square Footage: 5,997
- Market: Pasadena
In this deal, Matt Reeves and Melinda Wang acted as the buyers. The brokers who facilitated the transaction were Matt McIntyre and Larry Young of Berkshire Hathaway HomeServices California Properties. They played a crucial role in connecting the buyers with the property and ensuring a successful sale.
Players
Pasadena Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93