Shamam Harutyunyan Acquires Mixed-Use Property In Glendale For $2.2M
SOLD
$2,200,000
California
See Similar DealsMixed-use3,274 SF
Sold 07/18/2022
SOLD
Shamam Harutyunyan Acquires Mixed-Use Property In Glendale For $2.2M
1607 West Glenoaks Boulevard
See Similar DealsMixed-use3,274 SF
Sold 07/18/2022
Summary
CALIFORNIA
Asset Type:Mixed-use
Price Per Square Foot:$672
Total Square Footage:3,274 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$117,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,816.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,429.12
Annual Debt Service$125,149.47
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