Vahe Hovhannisyan Acquires Mixed-Use Property In Glendale For $2.25M
1121 East Colorado Street, Glendale, California 91205, United States
$2,250,000
$367/SF
Building Size
6,124 SF
Asset Type
Mixed-use
Closing
Apr 3, 2022
AI
A mixed-use property located at 1121 E. Colorado St. in Glendale has been sold for a price of $2,250,000. The property spans 6,124 square feet, resulting in a price per square foot of $367. The sale took place on April 4, 2022.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $2,250,000
- Date: April 4, 2022
- Address: 1121 E. Colorado St., Glendale
- Market: Glendale
Vahe Hovhannisyan acquired the mixed-use property from Nellie Haick. The transaction was facilitated by the broker representatives Brandon Michaels, Matthew Luchs, and Andrew Leff from The Brandon Michaels Group.
Players
Glendale Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.05%
Cash-on-Cash
-2.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93