Vahe Hovhannisyan Acquires Mixed-Use Property In Glendale For $2.25M
SOLD
$2,250,000
California
See Similar DealsMixed-use6,124 SF
Sold 04/04/2022
SOLD
Vahe Hovhannisyan Acquires Mixed-Use Property In Glendale For $2.25M
1121 East Colorado Street, Glendale, California 91205, United States
See Similar DealsMixed-use6,124 SF
Sold 04/04/2022
Summary
CALIFORNIA
Asset Type:Mixed-use
Price Per Square Foot:$367
Total Square Footage:6,124 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$120,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,993.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,666.15
Annual Debt Service$127,993.77
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