Updated Jun 24, 2025
Armik Agha Purchases Multifamily Property At 125 East Fairview Avenue For $4.24M
125 East Fairview Avenue
$4,240,000
$411/SF
Building Size
10,295 SF
Asset Type
MultiFamily
Closing
Jun 16, 2025
About this deal
AI
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.
On the Map
$4,240,000
$411/SF
MultiFamily
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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
3.74%
Cash-on-Cash
-1.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93