Andrew Zeytuntsyan Purchases Mixed-Use Property From Sean Caughron For $1.75 Million In Glendale
1601 Victory Boulevard
$1,750,000
$452/SF
Building Size
3,871 SF
Asset Type
Mixed-use
Closing
Aug 4, 2025
AI
The mixed-use property located at 1601 Victory Boulevard in Glendale was sold for $1,750,000. The building spans a total of 3,871 square feet, resulting in a price per square foot of $452.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,750,000
- Address: 1601 Victory Boulevard
- Market: Glendale
- Square Footage: 3,871
- Price Per Square Foot: $452
- Buyer: Andrew Zeytuntsyan
- Seller: Sean Caughron
- Brokers: Brandon Michaels & Emin Gabrimassihi - Marcus & Millichap
The transaction involved notable individuals including Andrew Zeytuntsyan as the buyer and Sean Caughron as the seller. The brokers facilitating the deal were Brandon Michaels and Emin Gabrimassihi from Marcus & Millichap, who played a key role in the transaction process.
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
9.06%
Cash-on-Cash
-2.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93