Updated Dec 21, 2023
Greg Alexanian Sells Multifamily Property In Glendale For $4.9M
135 N Verdugo Rd, Glendale, CA, USA
$4,900,000
$376/SF
Building Size
13,020 SF
Asset Type
MultiFamily
Closing
Mar 4, 2020
About this deal
AI
Greg Alexanian represents both the buyer and seller in the sale of a multifamily property at 135 N Verdugo Rd, Glendale. The transaction took place on March 5, 2020, with a sale price of $4,900,000. The property spans across 13,020 square feet, resulting in a price per square foot of $376.34. It consists of 17 units, averaging at approximately $288,235 per unit.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,900,000
- Square Footage: 13,020
- Address: 135 N Verdugo Rd, Glendale
- Market: Glendale
The transaction was facilitated by Greg Alexanian from Alexanian Advisors. Alexanian successfully brokered the deal, representing both parties involved in the transaction.
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
3.24%
Cash-on-Cash
-0.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93