Jay Harik Acquires Multifamily Property On Olive St In Glendale, CA For $3.75M
SOLD
$3,750,000
California
See Similar DealsMultiFamily5,280 SF
Sold 04/19/2022
SOLD
Jay Harik Acquires Multifamily Property On Olive St In Glendale, CA For $3.75M
131 Olive Street, Glendale, California 91206, United States
See Similar DealsMultiFamily5,280 SF
Sold 04/19/2022
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$710
Total Square Footage:5,280 SF
Transaction Type:Sale
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.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$199,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,322.96
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,776.91
Annual Debt Service$213,322.96
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