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1240 East Lexington Drive, ...

1240 East Lexington Drive Multi-Family In Glendale, Los Angeles Sold For $1.45M By Baliotis Family To 1240 Lexington LLC
SOLDMultiFamily

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

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

Andres Diaz

Keller Williams Realty

Broker

$55.6M

vol

16 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

10.94%

Cash-on-Cash

-3.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93