Glendale Multifamily Property Sold For $1.8M With Seller's Rep Syuzi Hakobyan & Haik Bokhchalian
SOLD
$1,800,000
California
See Similar DealsMultiFamily2,447 SF
Sold 08/05/2024
SOLD
Glendale Multifamily Property Sold For $1.8M With Seller's Rep Syuzi Hakobyan & Haik Bokhchalian
1161 Ruberta Avenue
See Similar DealsMultiFamily2,447 SF
Sold 08/05/2024
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$735
Total Square Footage:2,447 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$96,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,395.02
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,532.92
Annual Debt Service$102,395.02
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