Eli Anderson Purchases 11-Unit Multifamily Property In Glendale From Joe Boyd For $3.275M

This transaction involved a multifamily property located at 1001 East Acacia Avenue in Glendale. The property comprises 11 units with a total square footage of 6,096. The sale price was recorded at $3,275,000, resulting in a price per unit of $297,727 and a price per square foot of $537.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,275,000
• Units: 11
• Square Footage: 6,096
• Price Per Unit: $297,727
• Price Per Square Foot: $537
• Buyer: Eli Anderson
• Seller: Joe Boyd
• Seller's Representative: Yigal Fatirian & Derrick Vartanian - Lyon Stahl Investment Real Estate
• Market: Glendale
• Date: 08/14/2026

Yigal Fatirian and Derrick Vartanian of Lyon Stahl Investment Real Estate successfully represented the seller in this transaction. They implemented a strategic approach that generated multiple offers within the first week of bringing the property to market. The inclusion of seller financing as part of the marketing strategy was crucial in attracting the buyer and ensuring the deal was finalized successfully.