Updated Dec 21, 2023
Jay Harik Acquires Multifamily Property On Olive St In Glendale, CA For $3.75M
131 Olive Street, Glendale, California 91206, United States
$3,750,000
$710/SF
Building Size
5,280 SF
Asset Type
MultiFamily
Closing
Apr 18, 2022
About this deal
AI
The multifamily property located at 131 Olive St in Glendale, CA has been sold. The sale took place on April 19, 2022. The property spans a total of 5,280 square feet and was sold for a price of $3,750,000, giving it a price per square foot of $710.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,750,000
- Address: 131 Olive St, Glendale, CA
- Market: Glendale, CA
Jay Harik acted as the buyer in the transaction, while David A Nelson & Fiona C Nelson were the sellers.
On the Map
$3,750,000
$710/SF
MultiFamily
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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
4.23%
Cash-on-Cash
-1.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93