Updated Dec 4, 2024
Clara Garabedian Sells Multifamily Property On North Verdugo Road In Glendale For $2.1M
1100 North Verdugo Road
$2,100,000
$509/SF
Building Size
4,122 SF
Asset Type
MultiFamily
Closing
Feb 7, 2024
About this deal
AI
The multifamily property located at 1100 North Verdugo Road in Glendale has been sold. The property consists of 4 units with a total square footage of 4,122. The sale price for the property was $2,100,000, resulting in a price per unit of $525,000. The price per square foot was $509.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $2,100,000
- Units: 4
- Price per Unit: $525,000
- Square Footage: 4,122
- Price per Square Foot: $509
The seller of the property was Clara Garabedian. The transaction was facilitated by brokers Aaron Voskani and Alex Matevosian from MIG Commercial Real Estate Services.
On the Map
$2,100,000
$509/SF
MultiFamily
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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
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93