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3823 Red Bluff Road, Pasade...

Updated Jan 30, 2024

Three Pillars Capital Group Acquires 243-Unit Multifamily In Pasadena, CA
SOLDMultiFamily

Three Pillars Capital Group Acquires 243-Unit Multifamily In Pasadena, CA

3823 Red Bluff Road, Pasadena, Texas 77503, United States

Units

243

Asset Type

MultiFamily

Closing

Jun 13, 2022

About this deal

AI

The multifamily property located at 3823 Red Bluff Rd in Pasadena has been sold in a recent transaction. The property consists of 243 units and is part of the Three Pillars Capital Group's portfolio. The deal was facilitated by Josh Welch, a representative from Three Pillars Capital Group.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: Not specified
  • Address: 3823 Red Bluff Rd
  • Market: Pasadena
  • Units: 243
  • Seller: Three Pillars Capital Group
  • Seller Representative: Josh Welch

In this transaction, Three Pillars Capital Group sold their multifamily property located at 3823 Red Bluff Rd in Pasadena. The deal was facilitated by Josh Welch, who represented the seller. The transaction details such as the sale price and loan amount are not specified in the available information.

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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