1240 East Lexington Drive Multi-Family In Glendale, Los Angeles Sold For $1.45M By Baliotis Family To 1240 Lexington LLC
SOLD
$1,450,000
California
See Similar DealsMultiFamily4,494 SF
Sold 09/11/2018
SOLD
1240 East Lexington Drive Multi-Family In Glendale, Los Angeles Sold For $1.45M By Baliotis Family To 1240 Lexington LLC
1240 East Lexington Drive, Glendale, CA 91206, USA
See Similar DealsMultiFamily4,494 SF
Sold 09/11/2018
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$322
Total Square Footage:4,494 SF
Transaction Type:Sale
The multi-family property located at 1240 East Lexington Drive in Glendale, Los Angeles has been sold for $1,450,000. The property spans 4,494 square feet, translating to a price per square foot of $322.65. The transaction took place on 9/11/2018.
Summary of transaction details
- Property Type: Multi-Family
- Transaction Amount: $1,450,000
- Address: 1240 East Lexington Drive, Glendale
- Market: Los Angeles
The sellers of the property were the Baliotis Family, while the buyers were 1240 Lexington LLC. The deal was facilitated by brokers Salleh Beitollahi, Daniel Shon, and Andres Diaz.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$77,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,151.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,873.74
Annual Debt Service$82,484.88
Is there something missing? Send suggestions