Updated Dec 20, 2023
George Shrinian Acquires Multifamily Property In Glendale, CA
1324 East Wilson Avenue, Glendale, California 91206, United States
$3,450,000
$521/SF
Building Size
6,616 SF
Asset Type
MultiFamily
Closing
Oct 9, 2022
About this deal
AI
The multifamily property located at 1324 E Wilson Ave in Glendale, CA has been sold for a price of $3,450,000. The sale took place on 10/10/2022. The property consists of 7 units with a price per unit (PPU) of $492,857. It spans a total area of 6,616 square feet, resulting in a price per square foot (PPSF) of $521.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,450,000
- Address: 1324 E Wilson Ave, Glendale, CA
- Market: Glendale, CA
The buyer of the property is George Shrinian, while Monat Lee acted as the seller. The brokers involved in the deal are Greg Alexanian from Alexanian Apartment Advisors and Eduard Khachatryan from Global Equity Partners.
Note from broker: Philippians 4:19
With a track record of over $1 billion in transacted Glendale area multifamily properties, the Alexanians have earned a reputation for their unmatched expertise in representing sellers.
On the Map
$3,450,000
$521/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
4.60%
Cash-on-Cash
-1.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93