Rick Ramirez & Ellen Kim Sell Multifamily Property On 1317 E. Wilson Ave. In Glendale To Michael & Julia Blum

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.