Updated Dec 19, 2023
Greg Alexanian Acquires Multifamily Property In Glendale For $3.02M
1025 Melrose Avenue, Glendale, CA 91202, USA
$3,020,000
$461/SF
Building Size
6,545 SF
Asset Type
MultiFamily
Closing
Nov 25, 2019
About this deal
AI
Located at 1025 Melrose Ave in Glendale, this multifamily property was recently sold in a closed transaction. The property spans 6,545 square feet and is situated in a prime market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,020,000
- Price per Square Foot: $461.42
- Date of Sale: 11/26/2019
The sale was brokered by Greg Alexanian from Alexanian Advisors. His expertise in the market facilitated the successful completion of this transaction.
The multifamily sale at 1025 Melrose Avenue, Glendale, CA 91202, USA in Glendale, California sold for $3M in 2019. The building is 6,545 square feet, implying about 461 per square foot on the published price. Greg Alexanian, Alexanian Apartment Advisors appear on the sale alongside Alexanian Apartment Advisors. This page is the Glendale, California file for the 1025 Melrose Avenue, Glendale, CA 91202, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Glendale sit in the Market section below. Filter that Glendale multifamily set by closing date to see what else sold near 1025 Melrose Avenue, Glendale, CA 91202, USA around 2019. Published consideration for 1025 Melrose Avenue, Glendale, CA 91202, USA is $3M, dated 2019. Cite this Greg Alexanian Acquires Multifamily Property In Glendale For $3.02M sale when underwriting similar multifamily product around Glendale, California.
Glendale MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.25%
Cash-on-Cash
-1.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93