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1161 Ruberta Avenue

Glendale Multifamily Property Sold For $1.8M With Seller's Rep Syuzi Hakobyan & Haik Bokhchalian
SOLDMultiFamily

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:

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

Syuzi Hakobyan

JohnHart Real Estate

Broker

$23.3M

vol

12 deals

Broker

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