facebook
Traded Co logo
Submit

Matt Reeves & Melinda Wang Acquire SFR In Pasadena For $5.5M

Property Image
SOLD
$5,500,000

California

See Similar Deals
Single Family5,997 SF
Sold 07/13/2021
the dealplayerscompscontact
Property Image
SOLD

Matt Reeves & Melinda Wang Acquire SFR In Pasadena For $5.5M

Pasadena, CA, USA

See Similar Deals
Single Family5,997 SF
Sold 07/13/2021
Contact now

Summary

CALIFORNIA
Asset Type:Single Family
Price Per Square Foot:$917
Total Square Footage:5,997 SF
Transaction Type:Sale

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

Matt McIntyre
1 deal$5.5M volume
BROKER

Larry Young
Berkshire Hathaway HomeServices
1 deal$5.5M volume
BROKER

Details

SOLD
IMAGE: Matt Reeves DATE: 07/13/2021 MARKET: Pasadena ASSET TYPE: SFR BUYER: Matt Reeves & Melinda Wang BROKERS: Matt McIntyre & Larry Young - Berkshire Hathaway HomeServices California Properties SALE PRICE: $5,500,000 SF: 5,997 ~ PPSF: $917

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$293,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$19,540.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,072.81
Annual Debt Service$312,873.67