Armik Agha Purchases Multifamily Property At 125 East Fairview Avenue For $4.24M
SOLD
$4,240,000
California
See Similar DealsMultiFamily10,295 SF
Sold 06/16/2025
SOLD
Armik Agha Purchases Multifamily Property At 125 East Fairview Avenue For $4.24M
125 East Fairview Avenue
See Similar DealsMultiFamily10,295 SF
Sold 06/16/2025
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$411
Total Square Footage:10,295 SF
Transaction Type:Sale
A multifamily property located at 125 East Fairview Avenue in Glendale was sold for $4,240,000. The asset comprises 9 units, with a price per unit of $471,111. It has a total square footage of 10,295, resulting in a price per square foot of $411.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,240,000
- Units: 9
- Price Per Unit: $471,111
- Square Footage: 10,295
- Price Per Square Foot: $411
- Buyer: Armik Agha
- Seller: Henry Matson
- Broker: Greg Alexanian - Alexanian Apartment Advisors
The transaction took place on June 17, 2025, with the representation of the buyer provided by Armik Agha and the seller represented by Henry Matson. The broker involved in this sale was Greg Alexanian from Alexanian Apartment Advisors. A note from the broker quotes Matthew 6:33.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$226,133.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,063.83
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,099.76
Annual Debt Service$241,197.16
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