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Robert Ip's Coldwell Banker Commercial Acquires Multifamily In Pasadena For $17.2M

712 East Walnut Street
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This MultiFamily property located in CA was sold for $17,212,500 over 3 years ago. The broker of the deal was Robert Ip

A multifamily property located at 712 E. Walnut St. in Pasadena has been sold. The transaction took place on 12/04/2020 for a total price of $17,212,500. The property consists of 30 units with an average price per unit of $615,000. It has a total area of 35,093 square feet, resulting in a price per square foot of $490. The property has a capitalization rate of 3.5% and a gross rent multiplier of 17.9x.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $17,212,500
  • Address: 712 E. Walnut St., Pasadena
  • Market: Pasadena
  • Buyer's Representative: Robert Ip - Coldwell Banker Commercial

The buyer's representative in this deal was Robert Ip from Coldwell Banker Commercial.

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Deals
  • Location
    712 East Walnut Street, Pasadena, CA, USA712 East Walnut Street, Pasadena, CA, USA
  • Sale Price
    $17,212,500$17,212,500
    $490 PPSF$490 PPSF
  • Area
    35,093 SF35,093 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    1 Broker, 1 Agency1 Broker, 1 Agency

Agent

Robert Ip

Robert Ip

Deals2
Sold$26.6M

Agency

Coldwell Banker

Coldwell Banker

Agency
Deals1405
Volume$9.3B

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Deal Summary

[embed] SALE IMAGE: Robert Ip DATE: 12/04/2020 ADDRESS: 712 E. Walnut St. MARKET: Pasadena ASSET TYPE: Multifamily BUYER’S REP: Robert Ip - Coldwell Banker Commercial PRICE: $17,212,500 UNITS: 30 ~ PPU: $615,000 SF: 35,093 ~ PPSF: $490 CAP: 3.5% ~ GRM: 17.9x

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712 East Walnut Street

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