SOLD
Rick Ramirez & Ellen Kim Sell Multifamily Property On 1317 E. Wilson Ave. In Glendale To Michael & Julia Blum
1317 East Wilson Avenue
MultiFamily
5,297 SF
5,297 SF
Sold 1 year ago
Summary
Sale
CALIFORNIA
MultiFamily
5,297 sqft
A multifamily property located at 1317 E. Wilson Ave. in Glendale recently sold for $2,400,000. The property consists of 8 units with a total square footage of 5,297. The price per unit was $300,000, and the price per square foot was $453. The Gross Rent Multiplier (GRM) for the property was 14.62, and the capitalization rate (CAP) was 4.58%.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,400,000
- Address: 1317 E. Wilson Ave.
- Market: Glendale
- Units: 8
- Price per Unit: $300,000
- Square Footage: 5,297
- Price per Square Foot: $453
- Gross Rent Multiplier (GRM): 14.62
- Capitalization Rate (CAP): 4.58%
The sellers, Michael & Julia Blum, were represented by Rick Ramirez from Robo_Rick. The buyer's representative in the deal was Ellen Kim.
Players
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2
Agents
1
Agencies
1
Details
SOLD
IMAGE: Rick Ramirez & Ellen Kim
DATE: 06/08/2021
ADDRESS: 1317 E. Wilson Ave.
MARKET: Glendale
ASSET TYPE: Multifamily
SELLER: Michael & Julia Blum
BUYER’S REP: Ellen Kim
SELLER’S REP: Rick Ramirez @Robo_Rick
ASKING PRICE: $2,500,000
SALE PRICE: $2,400,000
UNITS: 8 ~ PPU: $300,000
SF: 5,297 ~ PPSF: $453
GRM: 14.62
CAP: 4.58%View on map
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Address1317 East Wilson Avenue
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