Glendale Multifamily Property Sold For $1.8M With Seller's Rep Syuzi Hakobyan & Haik Bokhchalian
1161 Ruberta Avenue
$1,800,000
$735/SF
Building Size
2,447 SF
Asset Type
MultiFamily
Closing
Aug 5, 2024
AI
The property involved in this transaction is a multifamily asset located at 1161 Ruberta Avenue in Glendale. The sale price is $1,800,000 for a total of 2,447 square feet, resulting in a price per square foot of $735. The property consists of 3 units, which translates to a price per unit of $600,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,800,000
- Units: 3
- Square Footage: 2,447
- Price Per Unit: $600,000
- Price Per Square Foot: $735
- Seller's Representatives: Syuzi Hakobyan & Haik Bokhchalian - JohnHart Real Estate
The transaction represents the collaboration of Syuzi Hakobyan and Haik Bokhchalian from JohnHart Real Estate as the seller's representatives, facilitating the sale of this multifamily property in Glendale.
Players
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
8.81%
Cash-on-Cash
-2.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93