Shamam Harutyunyan Acquires Mixed-Use Property In Glendale For $2.2M
1607 West Glenoaks Boulevard
$2,200,000
$672/SF
Building Size
3,274 SF
Asset Type
Mixed-use
Closing
Jul 18, 2022
AI
The mixed-use property located at 1607 W. Glenoaks Blvd. in Glendale has been sold in a recent transaction. The property spans 3,274 square feet and was sold for a price of $2,200,000, resulting in a price per square foot of $671.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $2,200,000
- Date: 07/18/2022
- Address: 1607 W. Glenoaks Blvd.
- Market: Glendale
The buyer of the property is Shamam Harutyunyan, while the seller is Leigh Larson. The deal was facilitated by the broker Darin Spillman from an undisclosed agency.
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
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93