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1607 West Glenoaks Boulevard

Shamam Harutyunyan Acquires Mixed-Use Property In Glendale For $2.2M
SOLDMixed-use

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

Darin Spillman

Kidder Mathews

Broker

$55.2M

vol

15 deals

Broker

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