Updated Sep 9, 2024
Hovakim Baboudjian Acquires Multifamily Property In San Fernando Valley For $2M
130 Olive Street, Glendale, California 91206, United States
$2,000,000
$145/SF
Building Size
13,774 SF
Asset Type
MultiFamily
Closing
Jun 8, 2022
About this deal
AI
The multifamily property located at 130 Olive Street in San Fernando Valley has been sold for a total of $2,000,000. The transaction was completed on 06/09/2022. The property consists of six units, resulting in a price per unit of $333,333. The total square footage of the property is 13,774, with a price per square foot of $145.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,000,000
- Address: 130 Olive Street
- Market: San Fernando Valley
Hovakim Baboudjian has purchased the property from Michael St. John. The deal was facilitated by Daniel Withers and John Boyett from Matthews Real Estate Investment Services.
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
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93