SOLD
Robert Ip's Coldwell Banker Commercial Acquires Multifamily In Pasadena For $17.2M
712 East Walnut Street
MultiFamily
35,093 SF
35,093 SF
Sold 1 year ago
Summary
Sale
CALIFORNIA
MultiFamily
35,093 sqft
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.
Players
All
2
Agents
1
Agencies
1
Details
SOLD
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: 17.9xView on map
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Address712 East Walnut Street
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