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1351 Carlton Drive, Glendal...

Updated Dec 18, 2023

Roger Stone Sells Multifamily Property On Carlton Dr. In Glendale For $2.25M
SOLDMultiFamily

Roger Stone Sells Multifamily Property On Carlton Dr. In Glendale For $2.25M

1351 Carlton Drive, Glendale, CA 91205

$2,250,000

$408/SF

Building Size

5,512 SF

Asset Type

MultiFamily

Closing

Dec 13, 2021

About this deal

AI

The multifamily property located at 1351 Carlton Dr. in Glendale was recently sold for $2,250,000. The property consists of four units, with a price per unit of $562,500. The total square footage of the property is 5,512, resulting in a price per square foot of $408.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $2,250,000
  • Units: 4
  • Price per Unit: $562,500
  • Square Footage: 5,512
  • Price per Square Foot: $408

The seller of the property was Roger Stone. The sale was facilitated by Greg Alexanian from Alexanian Apartment Advisors. As representatives of the buyer and seller, Alexanian Apartment Advisors have a proven track record, having closed over $1 billion in the multifamily marketplace and represented 3,200 units. They can provide equity analysis opinions and investment opportunities. For more information, you can contact them at (818) 239-1206 or visit their website at www.alexanianadvisors.com.

If you have any inquiries, you can reach out to Alexanian Apartment Advisors via email at [email protected]. The brokers involved in the deal are Greg Alexanian from Alexanian Apartment Advisors.

Note: Dre licenses for the relevant parties involved in the transaction are Dre: 00911091 and 01513975.

Players

Greg Alexanian

Alexanian Apartment Advisors

Broker

$269.6M

vol

53 deals

Broker

Glendale MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $408 per square foot on a published $2.3M for 5,512 square feet (2021).

Visit Greg Alexanian to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.05%

Cash-on-Cash

-2.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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