Updated Oct 29, 2024
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
$1,450,000
$322/SF
Building Size
4,494 SF
Asset Type
MultiFamily
Closing
Sep 10, 2018
About this deal
AI
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
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
10.94%
Cash-on-Cash
-3.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93