Clara Garabedian Sells Multifamily Property On North Verdugo Road In Glendale For $2.1M
SOLD
$2,100,000
California
See Similar DealsMultiFamily4,122 SF
Sold 02/07/2024
SOLD
Clara Garabedian Sells Multifamily Property On North Verdugo Road In Glendale For $2.1M
1100 North Verdugo Road
See Similar DealsMultiFamily4,122 SF
Sold 02/07/2024
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$509
Total Square Footage:4,122 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$112,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,460.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,955.07
Annual Debt Service$119,460.86
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